LendingClub and Red Robin fall, Pandora and TJX gain ground

AP News
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Posted: May 17, 2016 4:31 PM

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday:

Pandora Media Inc., up 61 cents to $10.59

Investment firm Corvex Management bought more stock in Pandora and said it thinks the streaming music company should explore a sale.

TJX Cos., up 40 cents to $75.59

The parent of T.J. Maxx and Marshalls reported a larger profit and better sales than expected and raised its profit forecast.

Red Robin Gourmet Burgers Inc., down $11.25 to $50.74

The casual restaurant chain cut its guidance for the year after its first-quarter sales fell short of estimates.

Beazer Homes USA Inc., up 4 cents to $7.42

The Commerce Department said homebuilders ramped up construction in April, suggesting the housing market is solid.

Agilent Technologies Inc., up $1.47 to $44.41

The scientific instrument maker reported better results than analysts expected and raised its annual estimates.

LendingClub Corp., down 34 cents to $3.60

The peer-to-peer lending site said the U.S. Department of Justice opened an investigation into its business and it raised concerns about its funding.

AbbVie Inc., down $2.20 to $60.25

A competing drug company said the U.S. government will hear its challenge to a patent that protects AbbVie's drug Humira.

WestRock Co., down $1.66 to $37.97

A Jefferies & Co. analyst said packaging material inventories are still high, which could hurt WestRock's sales and profits.