Apple, KB Home, Peabody Energy are big movers

AP News
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Posted: Mar 16, 2011 4:44 PM

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

NYSE

KB Home, down 50 cents at $12.71

Shares of the homebuilder declined after a report said builders cut their requests for permits to start new projects to a five-decade low.

Peabody Energy Corp., up $2.54 at $67.67

Coal company shares got a boost as politicans from several countries questioned their atomic energy plans after Japan's nuclear crisis.

Morton's Restaurant Group Inc., up 76 cents at $7.20

The steakhouse operator, backed by its largest shareholders, is exploring strategic options including a possible sale of the company.

NASDAQ

Pacific Sunwear of California Inc., down 60 cents at $3.71 The teen clothing retailer, which has been struggling to gain market share, posted a quarterly loss and a weak outlook.

Rambus Inc., up 75 cents at $19.52

The company, which licenses its designs for memory chips and other technologies, renewed a patent license deal with Toshiba Corp.

Apple Inc., down $15.42 at $330.01

A JMP Securities analyst downgraded the technology company's shares because of sliding sales at an Asian supplier.

Peet's Coffee & Tea Inc., up 71 cents at $46.71

CNBC, citing a dealReporter report, said the coffee company recently held talks with Starbucks Corp. about a potential sale.

Online Resources Corp., down $2.34 at $3.71

The provider of online financial services said it has decided against any potential merger or buyout of the company.