General Electric, Netflix, Aflac are big movers

AP News
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Posted: Mar 15, 2011 5:14 PM
General Electric, Netflix, Aflac are big movers

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

NYSE

Williams-Sonoma Inc., up $4.40 at $39.38

The home furnishings retailer was a rare stock gainer after strong sales drove quarterly profit higher, and its outlook topped estimates.

Aflac Inc., down $3.01 at $50.89

The health and life insurance company does about 75 percent of its business in Japan, and led declines in U.S. insurance stocks.

General Electric Co., down 31 cents at $19.61

Shares of the industrial conglomerate, which helped design the stricken Fukushima Daiichi nuclear power plant in Japan, extended declines.

Brown Shoe Co. Inc., down $2.77 at $11.56

The owner of the Famous Footwear chain said supply chain problems caused lower margins and deeper markdowns, weighing on profit.

NASDAQ

Netflix Inc., up $15.91 at $217.11

A Goldman Sachs analyst upgraded the streaming video and DVD rentals company, saying she expects shares to rise 50 percent.

Intel Corp., down 66 cents at $20.18

A Nomura analyst downgraded the chip-making giant, saying demand for PCs and servers was slackening and would weigh on 2011 results.

Yahoo Inc., down 98 cents at $16.33

Earlier this month, media reports had said the Internet portal was in talks to sell its stake in a Japanese joint venture for up to $8 billion.

First Cash Financial Services Inc., up $2.46 at $35.36

The pawn shop operator lifted its 2011 guidance. It is also selling 10 Illinois payday lending stores, and may use proceeds to buy back shares.