Pandora and Tesla are big market movers

AP News
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Posted: Oct 02, 2013 4:41 PM

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

NYSE

Global Payments Inc., up $5.79 to $56.49

The electronic transaction processor named a new CEO, sped up share repurchase plans and boosted its outlook for the year after a strong first quarter.

Imax Corp., down $1.30 to $28.40

Benchmark Research says it expects a disappointing couple of quarters for the theater company because of slowing growth.

Burlington Stores Inc., up $8.01 to $25.01

Shares jump in their public debut after the discount retailer sells 13.3 million shares of common stock, raising more than $226 million.

Pandora Media Inc., up $1.36 to $26.89

Listener hours last month rose 18 percent to 1.36 billion for the Internet radio, and total U.S. radio listening rose more than 1 percent.

Nasdaq

Electronic Arts Inc., down 80 cents to $25.62

Cowen & Co. says first-week sales of the popular FIFA soccer video game fell 24 percent in the United Kingdom, a huge market for the game.

Tesla Motors Inc., down $12.05 to $180.95

A rare downgrade for the electric car maker from R.W. Baird, which believes that the stock's meteoric rise can't go on for much longer.

Omeros Corp., up $1.51 to $11.19

U.S. and European regulators accept for review the company's ophthalmology drug OMS302, with Wall Street growing more optimistic about the drug.

Zogenix Inc., up 29 cents to $2.24

The pharmaceutical company said federal regulators have said they will respond to its application to sell its experimental pain drug Zohydro.