Orbitz and Tesla are big market movers

AP News
Posted: Aug 08, 2013 4:28 PM

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


CenturyLink Inc., down $2.03 to $34.36

The telecommunications company cut its outlook for the entire year, citing slower growth.

Lowe's Cos., up $1.86 to $46.16

The home improvement retailer hit a new high for the year on an upgrade from J.P. Morgan, which expects improving execution to drive more consistent results.

Yingli Green Energy Holding Co. Ltd., up 23 cents to $3.87

The Chinese solar company announced a surge in shipments during the second quarter and fattening profit margins as well.

Orbitz Worldwid Inc., up $3.39 to $12.62

Investors snapped up shares of the online travel agency, sending the stock to a six-year high after it reported revenue from hotel bookings are rising. Orbitz beat Wall Street expectations for profits during its most recent quarter.


Groupon Inc., up $1.88 to $10.60

The online deals company named its co-founder as CEO and topped Wall Street's expectations for the second quarter. Eric Lefkofsky replaces Andrew Mason, who was fired earlier this year.

Tesla Motors Inc., up $19.25 to $153.48

The electric car company announced that it paid off a loan from the Department of Energy nine years early. Removing that one-time cost, Tesla turned a profit in its latest quarter and easily surpassed Wall Street projections.

Crocs Inc., down 78 cents to $13.23

The funky shoemaker's stock was downgraded by Sterne Agee, which said there is a lack of leadership at the company after the departure of some key executives.

Costco Wholesale Corp., down $1.95 to $117.39

Comparable-store sales rose 4 percent last month, but that was more than a percentage point shy of what Wall Street had expected. However, shares in wholesale club operator hit an all-time high just this week and shares fell less than 2 percent on the sales report.