Macy's and KB Home are big market movers

AP News
|
Posted: Jan 07, 2016 4:43 PM

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

NYSE

Macy's Inc., up 74 cents to $36.89

The department store operator will eliminate 4,800 jobs as it tries to rebound from a weak holiday season.

KB Home, down $1.74 to $10.05

The homebuilder reported worse-than-expected fiscal fourth-quarter profit and revenue on softer-than-expected deliveries.

Constellation Brands Inc., up $6.49 to $149.61

The wine, liquor and beer company reported better-than-expected third-quarter results and will expand its Mexican beer brands.

J.C. Penney Co., up 26 cents to $7.26

The department store operator reported a boost in sales at established stores, a key measure of a retailer's health, over the holiday season.

Nasdaq

Finish Line Inc., down $1.87 to $16.63

The shoe store reported a fiscal third-quarter loss that was worse than analysts were expecting.

Yahoo Inc., down $2 to $30.16

The Internet company could start to cut 10 percent or more of its workforce, according to a report from Business Insider.

Zumiez Inc., up $1.73 to $16.81

The retailer boosted its profit and revenue forecasts following upbeat sales during the holiday season.

Globus Medical Inc., down $1.32 to $26.27

The medical device company's 2016 sales estimate fell short of Wall Street's forecasts.