Best Buy and DSW are big market movers

AP News
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Posted: Aug 25, 2015 4:37 PM

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

NYSE

Best Buy Co., up $3.68 to $32.95

The nation's largest consumer electronics chain posted fiscal second-quarter results that handily beat analysts' estimates.

Exelon Corp., down $2.24 to $30.40

Regulators in the District of Columbia rejected the proposed merger of the power company with Pepco Holdings Inc.

Medtronic PLC, down $1.03 to $69.88

The medical device maker will pay up to $458 million for a privately held company that is developing a heart valve replacement.

DSW Inc., down $3.52 to $27.35

The footwear and accessories retailer reported lackluster second-quarter profit and its revenue fell short of Wall Street forecasts.

Encana Corp., up 16 cents to $5.99

The energy company is selling its Haynesville natural gas assets in northern Louisiana to GEP Haynesville LLC for $850 million.

The Boeing Co., down $1.70 to $125.49

The aircraft maker raised its outlook for demand in China over the next several decades as that country's air travel market grows.

Nasdaq

Sanderson Farms Inc., down 6 cents to $67.84

The poultry producer reported lackluster fiscal third-quarter results as market prices for chicken remain low.

SolarCity Corp., down 24 cents to $43.63

Chairman Elon Musk spent $5 million on just over 123,000 shares to increase his stake in the solar energy systems maker.