Orbitz and Cisco Systems are big market movers

AP News
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Posted: Feb 12, 2015 4:45 PM

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

NYSE

Orbitz Worldwide Inc., up $2.10 to $11.72

Expedia Inc. is buying the online travel site for about $1.33 billion as it makes acquisitions to consolidate its position.

American Express Co., down $5.53 to $80.48

Costco Wholesale Corp. will stop accepting the company's cards in April 2016 after the two failed to reach a renewal agreement.

Pinnacle Entertainment Inc., up $2.35 to $25.99

The casino operator reported a boost in fourth-quarter profit and revenue and the results beat Wall Street expectations.

Time Inc., down 46 cents to $24.49

The magazine publisher reported worse-than-expected fourth-quarter profit and revenue and gave a weak outlook.

Nasdaq

Cisco Systems Inc., up $2.53 to $29.46

The seller of routers, software and services reported better-than-expected quarterly results and raised its dividend.

Zulily Inc., down $5.37 to $14.52

The online retailer reported worse-than-expected fourth-quarter results and provided a weak first-quarter sales outlook.

Whole Foods Market Inc., up $2.79 to $56.30

The upscale grocery chain reported a nearly 6 percent increase in quarterly profits, beating Wall Street estimates and showing growth in a key sales measure.

Tesla Motors Inc., down $9.92 to $202.88

The electric car company reported an unexpected and wider fourth-quarter adjusted loss and disappointing vehicle delivery figures.