Big Lots, H&R Block, PVH are big market movers

AP News
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Posted: Dec 02, 2011 4:34 PM
Big Lots, H&R Block, PVH are big market movers

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

NYSE

Big Lots Inc., down $3.45 at $36.28

The discount retailer said that its third-quarter net income fell 76 percent due to a loss related to a recent acquisition.

H&R Block Inc., down $1.03 at $15.03

Concerns about the tax preparer's shuttered subprime mortgage unit resurfaced after it reported that claims on bad mortgages rose.

Alexander & Baldwin Inc., up $6.33 at $44.39

The ocean transportation and logistics company said that it will split into two publicly traded companies by the end of next year.

PVH Corp., up $5.16 at $72.78

The clothing maker, which owns the Tommy Hilfiger and Calvin Klein brands, said its third-quarter profit grew on stronger sales.

Nasdaq

Research In Motion Ltd., down $1.81 at $16.77

The BlackBerry phone maker is writing off much of its inventory of PlayBook tablets, since it has to sell them at a deep discount.

Lululemon Athletica Inc., up $2.52 at $49.69 The yoga wear maker's stock was upgraded by two analysts from different firms to "Buy" based on its growth prospects.

Mitel Networks Corp., up 79 cents at $3.53

The business communications and collaboration software maker posted a bigger second-quarter profit than Wall Street expected.

T. Rowe Price Group Inc., up 92 cents at $57.50

A Jefferies analyst upped his price target on the investment firm's stock to $64 from $58 based on the company's performance.