Hess, True Religion, Ferro are big movers

AP News
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:


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.


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.

Hold The Damn Vote Already
Derek Hunter

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.