Nike, AK Steel, Tiffany are big movers

AP News
Posted: Mar 22, 2013 4:58 PM

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


Nike Inc., up $5.93 at $59.53

The athletic shoe and clothing company said that its third-quarter net income rose 55 percent thanks to growth in North America.

AK Steel Holding Corp., down 16 cents at $3.31

The steel company projected a larger-than-expected first-quarter loss, saying a rise in demand hasn't materialized.

Tiffany & Co., up $1.32 at $69.23

The jewelry company said its fourth-quarter earnings edged up less than 1 percent, but its results still beat analysts' expectations.

Supervalu Inc., up 27 cents at $4.95

Shares of the supermarket operator continued to rise, a day after it completed a deal to sell five of its grocery chains.

Tibco Software Inc., down $2.18 at $20.99

The business software company reported its fiscal first-quarter profit fell by more than 50 percent on disappointing revenue.


Micron Technology Inc., up 97 cents at $10.04

The maker of memory chips posted a loss in its fiscal second quarter, but revenue beat Wall Street estimates.

Informatica Corp., down $1.71 at $34.15

A Nomura analyst downgraded the software company, saying that the risk versus the reward is not as compelling as it used to be.

Anacor Pharmaceuticals Inc., up $1.24 at $6.08

The drug developer reported strong data from a mid-stage study of a potential treatment for atopic dermatitis, a type of chronic rash.