Expedia and Microsoft are big market movers

AP News
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Posted: Aug 23, 2013 4:26 PM

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

NYSE

Lennar Corp., down 95 cents to $32.60

Americans cut back sharply on buying new homes in July, a sign that higher mortgage rates may soon bite the homebuilder.

Aeropostale Inc., down $2.22 to $8.76

The retailer joins the pack by posting dismal quarterly earnings and a dark outlook with shoppers unwilling to spend on clothes.

Tempur Sealy International Inc., up $1.67 to $38.35

The International Sleep Products Association's monthly report shows that mattress sales in July jumped almost 5 percent, good news for the bedding company.

Nasdaq

Microsoft Corp., up $2.36 to $34.75

CEO Steve Ballmer, who took over the helm of the world's largest software company from founder Bill Gates, will retire within a year.

Expedia Inc., up $2.37 to $48.84

The online travel site's new marketing agreement with Travelocity is likely to add to revenue, increase scale and provide greater leverage with suppliers.

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Autodesk Inc., up $2.78 to $38.91

The design software company gets an upgrade despite a disappointing quarter and pessimistic outlook.

Kirkland's Inc., up $1.71 to $20.18

The home decor company appears to be turning a corner as it cuts back on discounts and boosts profit margins.

Dendreon Corp., down 28 cents to $2.91

The biotechnology company's stock is hit by a downgrade from Deutsche Bank, which says cost cuts are not enough to offset debt and disappointing sales of its prostate cancer therapy Provenge.