Nike and Bed Bath & Beyond are big market movers

AP News
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Posted: Dec 23, 2015 4:28 PM

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:

NYSE

Nike Inc. (NKE), down $3.14 to $128.71

The athletic apparel seller reported better-than-expected earnings in its latest quarter, but sales fell short of forecasts.

Chipotle Mexican Grill Inc. (CMG), up $2.87 to $497.48

After an E. coli breakout the burrito chain is shaking up its cooking methods, such as dipping onions in boiling water.

Under Armour Inc. (UA), up $1.62 to $81.99

The sports apparel company named Chip Molloy as its next chief financial officer. Molloy was a former CFO at pet store PetSmart.

Lindsay Corp. (LNN) , up $6.44 to $74.94

The irrigation-equipment maker reported earnings for its fiscal first quarter that topped Wall Street expectations.

Chevron Corp. (CVX), up $3.54 to $93.81

Shares of oil and gas companies, including Chevron, rose as the price of crude moved higher.

Nasdaq

Bed Bath & Beyond Inc. (BBBY), down $2.35 to $48.97

Weak sales at the start of the crucial holiday shopping season pushed the home goods retailer to cut its third-quarter outlook.

Rovi Corp. (ROVI) , up $3.31 to $14.66

The digital TV listings company renewed a patent license agreement with AT&T that allows the pay-TV provider to use Rovi's technology.

Sequential Brands Group Inc. (SQBG) , up 51 cents to $8.56

The new owner of the Martha Stewart brand signed a 10-year deal with magazine company Meredith Corp. to continue to publish Martha Stewart titles.