ConAgra and Hershey are big market movers

AP News
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Posted: Jun 19, 2015 4:30 PM

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

NYSE

ConAgra Foods Inc., up $4.25 to $43.37

Activist investor firm Jana partners took a 7.2 percent stake in the packaged-foods maker and said it may start a proxy battle.

KB Home, up $1.41 to $16.37

The homebuilder reported better-than-expected quarterly profit, delivered more homes for a higher average selling price and said its backlog of orders spiked.

CarMax Inc., down $2.69 to $69.27

The used-car dealership chain reported better-than-expected first-quarter profit, but its revenue fell short of forecasts.

The Hershey Co., down $3.22 to $89.04

The chocolate and candy maker expects to cut about 300 jobs by the end of the year and lowered its revenue outlook for the year.

Nasdaq

Healthways Inc., down $3.13 to $12.40

The wellness program provider cut its annual revenue forecast, citing lackluster income from a contract and other programs.

Office Depot Inc., down 7 cents to $9.09

The office supplies retailer said its shareholders overwhelmingly approved the company's $6.3 billion sale to rival Staples.

AirMedia Group Inc., up $1.50 to $5.02

The Chinese advertising platforms company received a $6 per share "going private" buyout offer from its CEO and other executives.

Finisar Corp., down $2.27 to $19.88

The fiber optic component supplier met Wall Street's profit expectations, but fiscal fourth-quarter revenue fell short.