Gannett, Safeway, Men’s Wearhouse are Big Movers
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
The Men’s Wearhouse Inc., up $2.02 at $37.61
The men’s clothing retailer said that its fiscal first-quarter profit increased 23 percent because of an earlier prom season.
PVH Corp., up $11.32 at $122.60
The parent company of Tommy Hilfiger reported a loss for its fiscal first quarter, but the results were stronger than expected.
Gannett Co. Inc., up $6.75 at $26.60
The news company reached a deal to buy TV station owner Belo Corp. for about $1.5 billion, boosting Gannett’s presence in broadcasting.
Safeway Inc., up $1.71 at $24.82
The grocer said that it is selling its supermarket operations in Canada to food retailer Sobeys for $5.7 billion.
Coffee Holding Co. Inc., down 60 cents at $6.46
The wholesale coffee roaster, which sells private label and branded coffee products, said its second-quarter loss widened.
Sigma Designs Inc., down 30 cents at $4.94
The maker of chips for TV and set-top boxes offered a second-quarter revenue forecast that indicated growth may slow.
Spreadtrum Communications Inc., up $2.02 at $20.97
The maker of smartphone chips and other electronics raised its second-quarter revenue expectations well above analysts’ expectations.
Ceres Inc., up 36 cents at $4.26
A Raymond James analyst said he expects the agricultural biotechnology company’s stock to rise after an important crop data report.