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The Journal Gazette

Friday, November 22, 2013 4:49 pm

Gap and Intel are big market movers

The Associated Press

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Time Warner Cable, up $12.06 to $132.92

There are reports of an upcoming bid for Time Warner Cable by Comcast, which has sought guidance on U.S. antitrust laws.

The Gap Inc., down 55 cents to $41.31

The retailer posted a spike in quarterly profit, but its conservative annual outlook implies a tough holiday season.

United States Steel Corp., down 79 cents to $26.36

Wells Fargo sees prices falling during the first half of 2014 after an extended run and issues downgrades on two steelmakers.

Abercrombie & Fitch Co., down 82 cents to $34.15

The retailer lost money during the third quarter as it closed Gilly Hicks stores and this quarter is also starting slow.

Violin Memory Inc., down $2.89 to $3.11

The data storage company's worse-than-expected third-quarter results and outlook prompted a downgrade from a Wall Street analyst.

Nasdaq

Ariad Pharmaceuticals Inc., up 99 cents to $3.78

European regulators will allow the company to market its leukemia drug despite a suspension in the U.S. due to its risks.

Intel Corp., down $1.36 to $23.87

Shareholders left the chip giant's investor day unimpressed, with some pointing to its outlook on potential revenue in 2014.

Biogen Idec Inc., up $33.19 to $285.62

The biotech company's shares hit an all-time high after European regulators provide its new multiple sclerosis drug with 10 years of exclusivity.