Macy's, Kohl's and Brinker climb, while Shake Shack sinks

AP News
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Posted: Aug 11, 2016 4:41 PM

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

Kohl's Corp., up $6.15 to $44.19

The department store chain posted strong quarterly profit and sales as it cut costs and managed its inventory well.

Shake Shack Inc., down $2.53 to $38.34

The burger chain reported a larger than expected profit but said sales slowed down at its older restaurants.

Macy's Inc., up $5.81 to $39.81

The department store's results were better than expected, and it said it will close about 100 stores next year.

Blue Buffalo Pet Products Inc., down $1.16 to $25.68

The pet food maker gave up some of its recent gains despite a strong second-quarter report.

A. Schulman Inc., down $8.09 to $21.89

The supplier of plastics compounds and resins cut its annual guidance because of lower sales in the U.S. and Europe.

Brinker International Inc., up $5.75 to $52.72

The owner of Chili's Bar & Grill and Maggiano's Little Italy topped analyst projections and plans to buy back more stock.

General Growth Properties Inc., down $1.06 to $29.66

Real estate investment trusts, particularly trusts that own and operate malls, traded lower after the announcement from Macy's.

Valeant Pharmaceuticals International Inc., down $2.83 to $24.49

The Wall Street Journal reported that the embattled Canadian drugmaker is the target of a new government investigation.