US Airways, Starbucks, G-III are Tuesday movers

AP News
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Posted: Jun 05, 2012 4:56 PM
US Airways, Starbucks, G-III are Tuesday movers

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

NYSE

US Airways Group Inc., up 44 cents at $11.62

The airline said that a key measure of passenger revenue rose about 6 percent in May compared with the same month last year.

Dollar General Corp., down $1.73 at $46.76

The discount retailer said that its first-quarter profit rose 36 percent, but its revenue was just below Wall Street expectations.

Mednax Inc., up $1.44 at $61.64

A Stifel Nicolaus analyst initiated coverage of the medical group with a "Buy" rating, citing the company's prospects for growth.

Nasdaq

Starbucks Corp., down $1.49 at $52.41

The coffee chain said that it is increasing its offerings in the highly competitive food market by buying a small bakery chain for $100 million.

Complete Genomics Inc., up 14 cents at $2.18

The life sciences company will lay off about 20 percent of its workforce to cut costs and explore "strategic options."

Westport Innovations Inc., up $4.75 at $27.02

The natural gas engine maker said that it reached a deal with Caterpillar Inc. to jointly develop engines for off-road equipment.

G-III Apparel Group Ltd., up 93 cents at $24.93

The apparel maker said that its first-quarter loss widened, but its results met the expectations of Wall Street analysts.

Layne Christensen Co., up 62 cents at $19.22

The drilling and construction services provider said first-quarter net income fell, but its revenue rose and beat analysts' expectations.