JC Penney and Mylan are big market movers

AP News
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Posted: Nov 13, 2015 4:24 PM

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

NYSE

J.C. Penney Co., down $1.35 to $7.44

The department store operator's strong third-quarter sales weren't enough to ease investors' worries about the upcoming holiday shopping season.

Tyco International PLC, down $1.19 to $35.31

The fire protection and security company met Wall Street's fourth-quarter profit expectations, but revenue fell short of forecasts.

Nordstrom Inc., down $9.51 to $53.96

The retailer reported worse-than-expected third-quarter profit and lowered its full-year outlook, citing softer sales.

Nasdaq

Cisco Systems Inc., down $1.62 to $26.21

The computer networking giant reported better-than-expected fiscal first-quarter profit, but gave a lackluster outlook.

Mylan NV, up $5.58 to $48.78

The drugmaker's $26 billion cash-and-stock hostile takeover bid was rejected by Perrigo shareholders.

Applied Materials Inc., up 71 cents to $17.24

The maker of chipmaking equipment reported better-than-expected fiscal fourth-quarter profit.

El Pollo Loco Holdings Inc., down $1.32 to $10.20

The fast-food chain reported better-than-expected third-quarter profit, but its revenue fell short of Wall Street expectations.

Fossil Group Inc., down $18.62 to $32.39

The watch and accessories maker lowered its profit outlook, adding to evidence that retailers may be in for a tough holiday season.