Gap, Research In Motion, Zumiez are market movers

AP News
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Posted: Mar 01, 2012 5:14 PM
Gap, Research In Motion, Zumiez are market movers

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

NYSE

Gap Inc., up $1.69 at $25.05

The clothing retailer said that sales at stores open at least a year rose 4 percent in February, above analysts' expectations.

The Buckle Inc., up $3.09 at $48.01

The teen clothing chain said sales at stores open at least a year jumped 14.8 percent in February, beating Wall Street predictions.

Advanced Micro Devices Inc., up 16 cents at $7.51

The chip maker said that it is buying SeaMicro, a maker of energy-efficient data servers, in a deal that is worth $334 million.

Clear Channel Outdoor Holdings Inc., up $1 at $14.23

The billboard company announced that it would pay a special one-time dividend of $6.08 per share to its shareholders this month.

Nasdaq

Zumiez Inc., up $1.39 at $32.81

The retailer of skate and surf-inspired clothing for teens said February sales at stores open at least a year rose over 14 percent.

Staar Surgical Co., rose 57 cents at $11

A Canaccord analyst initiated coverage of the implantable lens maker saying that he thinks the company will deliver future growth.

Lululemon Athletica Inc., up $3.84 at $70.86

A Stifel Nicolaus analyst raised his price target on the athletic clothing company's stock $7 to $77 citing its new spring styles.

Research In Motion Ltd., down 59 cents at $13.58

A Jefferies analyst cut the BlackBerry maker's stock price target $3 to $12 saying sales of its phones continue to be "challenged."