VeriFone, Hhgregg, Wendy's are market movers

AP News
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Posted: Jul 11, 2012 5:10 PM
VeriFone, Hhgregg, Wendy's are market movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

VeriFone Systems Inc., up $3.49 at $35.41

The electronic payments company said it won a $35 million contract to install its systems in 6,500 Washington, D.C., cabs.

Trina Solar Ltd., up 30 cents at $6.20

The solar module maker is expanding to Canada with an office in Ontario, the second-biggest North American market for solar panels.

Abercrombie & Fitch Co., up $1.35 at $34.12

The New York Post reported that the teen retailer may be launching a share buyback plan and scaling back its European expansion.

The Wendy's Co., up 11 cents at $4.69

A Wedbush analyst upgraded the hamburger chain's stock rating, saying that it predicts the company will have continued growth.

Hhgregg Inc., down $4.20 at $7.34

The appliance and electronics retailer cut its full-year forecast and posted first-quarter guidance below Wall Street expectations.

Harley-Davidson Inc., down $2.27 at $44.82

A Citi analyst said that his research, collected from the motorcycle maker's dealers, showed that sales growth slowed in June.

Goldcorp Inc., down $3.58 at $33.17

The Canadian mining company lowered its production guidance for the year because of operational problems at two of its mines.

Nasdaq

Healthcare Services Group Inc., up $1.45 at $21.08

The company, which provides housekeeping and food services to hospitals, said its profit grew 15 percent in the second quarter.