Ann, Kohl’s, Molycorp are market movers

Published March 10, 2012 by
Business - Wall Street

NEW YORK (AP) ? Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Ann Inc., up $1.60 at $27.41

The women’s clothing retailer said its fiscal fourth-quarter profit plunged 73 percent, but its full-year guidance met expectations.

Aeropostale Inc., up 60 cents at $19.55

The teen retailer’s fourth-quarter net income fell by two-thirds as expenses rose, but its results still beat analysts’ expectations.

Molycorp Inc., up $4.91 at $30.89

The rare earth products company said it is buying rare earth processor Neo Material Technologies Inc. for about $1.31 billion.

Quiksilver Inc., down 34 cents at $4.26

The surfer-inspired clothing company posted a first-quarter loss that was higher than what Wall Street analysts were expecting.

Kohl’s Corp., up $1.19 at $50.24

A Jefferies analyst upgraded the department store operator’s shares to “Buy” from “Hold” citing its more competitive pricing.

Nasdaq

Green Mountain Coffee Roasters Inc., down $9.81 at $52.59

Shares of the single-cup coffee machine maker fell after coffee company Starbucks said it will sell its own single-cup machine.

Smith & Wesson Holding Corp., up $1.29 at $6.95

Strong sales of its handguns and sporting rifles helped the gun maker return to a profit in the company’s fiscal third quarter.

Coffee Holding Co. Inc., up $2.75 at $10.60

The coffee roaster and distributer said that its fiscal first-quarter profit rose 60 percent as its revenue more than doubled.

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