Hess, True Religion, Ferro are big movers

AP News
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Posted: Mar 04, 2013 4:46 PM

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

NYSE

Hess Corp., up $2.30 at $68.84

The oil and gas company said that it will exit the retail business to focus more on its exploration and production business.

Ferro Corp., up $1.60 at $6.80

The chemical maker rejected a $563 million cash-and-stock buyout offer from A. Schulman Inc., a supplier of plastic compounds.

Nasdaq

True Religion Apparel Inc., up $1.11 at $27.85

The high-end denim and clothing company disclosed that it would not be renewing its CEO's employment contract, which ends June 30.

Select Comfort Corp., down $3.23 at $17.28

The mattress maker warned that sales were weak in February, and it will likely fall short of its own goals for the current quarter.

Vera Bradley Inc., down $1.45 at $23.92

A Sterne Agee analyst started coverage of the handbag company with an "Underperform" rating, saying it may face inventory issues.

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Outdoor Channel Holdings Inc., up $1.10 at $8.65

The hunting cable channel said that it will start talks with Kroenke Sports & Entertainment LLC after receiving a takeover bid.

Stratasys Ltd., up $4.56 at $68.82

The maker of three-dimensional "printers" posted a loss during the fourth quarter, but its results beat Wall Street expectations.

Arena Pharmaceuticals Inc., down 15 cents at $8.19

The drug maker posted a smaller fourth-quarter loss and said it is waiting for a federal decision about its weight loss drug Belviq.