Rite Aid and Ariad are big market movers

AP News
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Posted: Oct 02, 2014 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:

NYSE

McCormick & Co., up $1.89 to $67.50

The spice maker reported quarterly earnings and revenue that beat Wall Street expectations and boosted its outlook.

Constellation Brands Inc., down 86 cents to $84.40

The wine, liquor and beer company reported quarterly revenue and earnings that fell short of Wall Street expectations.

Rite Aid Corp., up 18 cents to $4.99

The drugstore operator reported a boost in September and year-to-date sales at established stores, a key indicator of a retailer's health.

Halcon Resources Corp., down 2 cents to $3.84

The energy company's stock slipped, along with its peers, as the price of crude oil fell after Saudi Arabia cut prices to Asia.

Nasdaq

Ariad Pharmaceuticals Inc., up 57 cents to $5.85

The drug developer's experimental lung cancer treatment gained special FDA recognition that will speed up its review process.

Cree Inc., down $4.76 to $34.85

The LED light maker said it expects profit and revenue for the fiscal first quarter to fall short of its prior guidance.

Garmin Ltd., down $1.10 to $49.89

The navigation products company will be the provider for future Honda Civic and CR-V models in Europe, Russia and South America.

Esperion Therapeutics Inc., up $2.58 to $27

The biotechnology company reported results from a study that showed an experimental drug lowered levels of bad cholesterol.