Tuesday, August 27, 2013 4:27 pm
JC Penney and First Solar are big market movers
The Associated Press
J.C. Penney Co. Inc., down 18 cents to $13.17
William Ackman plans to sell his entire stake in the retailer at a loss of about $470 million.
DSW Inc., up $6.43 to $87.75
The shoe seller's quarterly profit jumped 15 percent on improving sales and cost controls.
Movado Group Inc., up $3.99 to $41.99
The watchmaker gets a tax break and sees profits spike 55 percent in the latest quarter.
First Solar Inc., down $1.94 to $36.84
Rival LDK Solar cites insufficient cash in delaying a semi-annual debt payment, which dragged down the entire solar sector.
Acura Pharmaceuticals Inc., down 37 cents to $1.50
The medical company's Aversion H&A technology for deterring drug abuse via snorting failed to meet the primary endpoint in a mid-stage study.
Accretive Health, Inc., down 40 cents to $9.54
The revenue cycle management service company for healthcare providers was downgraded by Oppenheimer.
Microsoft Corp., down 89 cents to $33.26
Janney Capital expects the software giant's stock to "languish at current levels" until the company shows signs of innovation and execution.