Lumber Liquidators and Tesla are big market movers

AP News
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Posted: Nov 04, 2015 4:53 PM

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

NYSE

Michael Kors Holdings Ltd., up $3.25 to $42.57

The clothing and apparel company reported better-than-expected fiscal second-quarter results as it opened more stores.

Lumber Liquidators Holdings Inc., up $1.43 to $15.65

The flooring retailer named a new CEO as it continues struggling to regain sales in the wake of a controversy over Chinese materials.

CBS Corp., down 29 cents to $47.95

The media company reported better-than-expected third-quarter profit, though revenue fell short of Wall Street forecasts.

Chesapeake Energy Corp., down 15 cents to $7.46

The natural gas driller slashed its spending plans again as it wrote down value of oil and gas fields.

Nasdaq

Tesla Motors Inc., up $23.28 to $231.63

The electric car maker reported a wider third-quarter loss on higher costs, but it gave an upbeat outlook for production targets.

Etsy Inc., down $1.06 to $9.97

The e-commerce company focusing on handmade items reported disappointing third-quarter results and issued a weak outlook.

Groupon Inc., down $1.06 to $2.97

The online daily deal service reported mixed third-quarter results, provided a weak outlook and named a new CEO.

Zillow Group Inc., down $1.85 to $27.65

The real estate website operator reported a wider third-quarter loss and cut its revenue outlook as it integrates Trulia.