Lumber Liquidators and Kraft are big market movers

AP News
|
Posted: Mar 25, 2015 5:14 PM

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

NYSE

Lumber Liquidators Holdings Inc., up $3.03 to $31.86

The U.S. Consumer Product Safety Commission is investigating the safety of the company's laminate flooring made in China.

Lexmark International Inc., up $2.48 to $43.27

The printer maker will buy software developer Kofax Ltd. for about $1 billion, doubling the size of its software business.

EnLink Midstream Partners LP, down $2.42 to $24.50

The energy company priced an offering of stock sold by a Devon Energy unit at $25.71 apiece, below the prior day's closing price.

Nasdaq

Kraft Foods Group Inc., up $21.85 to $83.17

H.J. Heinz is buying the maker of Cheez Wiz, Jell-O and Velveeta, creating one of the world's largest food and beverage companies.

Apollo Education Group Inc., down $7.95 to $20.04

The for-profit education company said student enrollment fell at its flagship University of Phoenix and offered a disappointing revenue outlook.

Francesca's Holdings Corp., down 91 cents to $15.93

The clothing retailer reported better-than-expected fourth-quarter results but provided an outlook below forecasts.

Mondelez International Inc., up 80 cents to $35.81

Competitors Heinz and Kraft announced plans to merge, stirring speculation of further consolidation by food and beverage companies.

Stamps.com Inc., up $9.48 to $67.78

The Internet-based postage company will buy Newell Rubbermaid Inc.'s shipping technologies unit Endicia for $215 million in cash.