Apple, Oshkosh, Cracker Barrel are market movers

AP News
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Posted: Sep 14, 2012 4:50 PM
Apple, Oshkosh, Cracker Barrel are market movers

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

NYSE

AK Steel Holding Corp., down 57 cents at $5.87

The steel maker said that it expects to post a loss in its third quarter due to lower per-ton selling prices and higher costs.

Oshkosh Corp., up $2.26 at $29.76

The truck maker said it plans to double its earnings over the next three years and expects international sales to rise 25 percent.

Nasdaq

Apple Inc., up $8.30 at $691.28

Shares of the technology company hit an all-time high as delivery times for its new iPhone 5 rose, suggesting strong demand.

Spirit Airlines Inc., down $3.08 at $16.58

The airline warned that a key revenue figure would fall this year due to lower bookings because of Hurricane Isaac.

Staples Inc., up 25 cents at $12.21

Fortune magazine, citing unnamed people, reported that some private equity firms may want to buy the office supply retailer.

The Children's Place Retail Stores Inc., up $1.85 at $60.67

A Citi analyst started coverage of the children's clothing retailer with a "Buy" rating, citing its new CEO and its new merchandise.

Cracker Barrel Old Country Store Inc., down $2.04 at $64.13

A KeyBanc Capital Markets analyst lowered his rating on the restaurant operator to "Hold" from "Buy," citing high food costs.

Western Digital Corp., down $1.52 at $41.06

The hard-drive maker lowered its revenue forecast for the current quarter because of modest demand.