J.C. Penney and Yum Brands are big market movers

AP News
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Posted: Feb 04, 2014 4:23 PM

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

NYSE

J. C. Penney Co. Inc., down 60 cents to $5.08

The retailer's first quarterly comparable-store sales increase in two years was not enough to win over Wall Street.

Michael Kors Holdings Ltd., up $13.24 to $89.91

Profits surged 77 percent during the latest quarter at the luxury retailer, which is aggressively promoting its brand to consumers.

Yum Brands Inc., up $5.90 to $72.06

The company that runs KFC, Taco Bell and Pizza Hut topped expectations for the quarter and stuck to earnings projections for 2014.

Pfizer Inc., up 84 cents to $31.44

A recent reorganization and potential for a new cancer drug should drive growth at the pharmaceutical, according to Jefferies & Co.

Nasdaq

Microsoft Corp., down 13 cents to $36.35

Satya Nadella was named CEO of the software giant and founder Bill Gates stepped down as chairman to work more closely on technology.

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Furiex Pharmaceuticals Inc., up $59.72 to $105.69

Shares of the pharmaceutical company more than doubled after its treatment for a form of irritable bowel syndrome did well in a late-stage study.

Take-Two Interactive Software Inc., down $1.84 to $17.06

The video game company reported a steep jump in profit and revenue, but its outlook for the quarter and full year were mixed.