Walmart and Symantec jump; JC Penney tumbles

Posted on Thursday, August 16th, 2018 By The Associated Press

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

Walmart Inc., up $8.42 to $98.64

The retailer raised its annual forecasts after a strong second quarter and said its online sales grew at a faster pace.

J.C. Penney Co., down 65 cents to $1.76

The department store cut its forecasts after it took a bigger loss and reported weaker sales than analysts expected.

Symantec Corp., up 86 cents to $19.41

Activist investment firm Starboard Value disclosed a stake in the software company.

Cisco Systems Inc., up $1.30 to $45.16

The technology company topped Wall Street's estimates in its fourth quarter and gave strong forecasts for the current period.

Best Buy Co., up 53 cents to $76.91

The electronics retailer agreed to buy GreatCall, a company that makes emergency response devices for the elderly, for $800 million.

Teva Pharmaceutical Industries Ltd., up $1.64 to $21.11

The Food and Drug Administration approved the company's generic version of EpiPen.

SpartanNash Co., down $4.28 to $19.52

The grocery distributor lowered its annual profit forecast.

Albemarle Corp., up $1.52 to $97.06

Basic materials makers recovered some of their recent losses as metals prices rose.


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