WellPoint, Heinz, Sealed Air are market movers

AP News
Posted: Aug 29, 2012 4:56 PM
WellPoint, Heinz, Sealed Air are market movers

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


Sealed Air Corp., up $1.58 at $14.58

The food packaging company said that a former Dow Chemical Co. executive will take over for CEO William Hickey when he retires.

WellPoint Inc., up $4.41 at $61.80

The health insurer's President and CEO Angela Braly resigned amid investor frustration with disappointing financial results.

Yingli Green Energy Holding Co. Ltd., down 10 cents at $1.85

The Chinese solar firm posted a loss in its second quarter and the company lowered its shipment guidance for the full year.

Dycom Industries Inc., down $3.60 at $15.28

The telecommunications contractor reported fourth-quarter net income and revenue that fell short of analysts' expectations.

H.J. Heinz Co., down $1.29 at $56.12

The ketchup maker said that its net income in the first quarter rose 14 percent, but its results missed Wall Street expectations.


Jos. A Bank Clothiers Inc., up $5.81 at $47.44

The men's clothing chain posted a 13 percent jump in revenue during the second quarter and beat Wall Street's profit expectations.

Bassett Furniture Industries Inc., up 91 cents at $11.58

The furniture maker will pay shareholders a special dividend of $1.25, the second special dividend it announced this year.

JA Solar Holdings Co. Ltd., down 11 cents at 96 cents

The Chinese solar company said that its second-quarter loss widened from a year earlier, and it cut its outlook for the year.