Hertz and J.C. Penney are big market movers

AP News
Posted: Sep 26, 2013 4:34 PM

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


Hertz Global Holdings Inc., down $4.15 to $21.63

Hertz cuts its profit and revenue outlook for the year due to softer-than-expected demand for U.S. airport car rentals.

J.C. Penney Co. Inc., up 30 cents to $10.42

A two-day plunge in the retailer's shares ends, for now, after it delivers assurances of stronger sales.

Air Products & Chemicals Inc., up $2.46 to $109.78

The company announced the departure of its CEO and also changes to its board amid pressure from Bill Ackman's Pershing Square.

Jabil Circuit Inc., down $2.38 to $21.62

The electronics and design company, which has a lot of exposure to troubled Blackberry, gave a weak first-quarter forecast.


Bed Bath & Beyond Inc., Up $3.32 to $77.54

Profits at the home-ware retailer spiked 11 percent and revenue jumped 9 percent on strong comparable store sales.

eBay Inc., up $2.43 to $56.64

The e-commerce giant reached a deal to buy online and mobile payments technology provider Braintree for $800 million in cash.

Ballard Power Systems Inc., up 12 cents to $1.77

The fuel cell company signs a multiyear agreement to supply Azure Hydrogen's zero emission fuel cell bus program in China.

Facebook Inc., up 93 cents to $50.39

Shares of the social media company climb above $50 for the first time as industry watchers sense new revenue streams.