GE and Urban Outfitters are big market movers

AP News
|
Posted: Oct 17, 2014 4:31 PM

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

NYSE

General Electric Co., up 57 cents to $24.82

The industrial conglomerate reported higher quarterly profit and revenue, and the results exceeded Wall Street expectations.

Morgan Stanley, up 69 cents to $33.22

The investment bank reported a doubling of its quarterly profit and a boost in revenue, beating Wall Street expectations.

SunEdison Inc., up $1.05 to $16.62

The solar energy technology company is considering investing up to $2 billion to build a factory in China, according to Bloomberg News.

Schlumberger Ltd., up $3.33 to $93.97

The oilfield services company reported better-than-expected quarterly profit, partly spurred by North American drilling activity.

Cliffs Natural Resources Inc., down 76 cents to $8.74

The mining company will take a charge of $6 billion to write down its seaborne iron ore and coal assets.

Nasdaq

Athenahealth Inc., down $8.73 to $111.76

The medical billing and malpractice management software maker reported worse-than-expected third-quarter profit.

Urban Outfitters Inc., down $4.94 to $29.62

The retailer said a negative sales trend is continuing and could adversely impact the company's third-quarter results.

Repros Therapeutics Inc., down $4.20 to $6.31

The biotechnology company faces a delay in an FDA review of its testosterone drug Androxal because of insufficient information.