Monday, May 20, 2013





AIG, HP, Abercrombie, Zynga are big movers


Last Modified: March 16. 2013 6:25PM
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(AP) Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:


NYSE


American International Group Inc., up $1.17 at $38.45


The insurer posted a $4 billion loss at the end of 2012 on costs from Sandy, but its operating profit topped Wall Street expectations.


Hewlett-Packard Co., up $2.10 at $19.20


The latest quarter showed some progress at the PC maker, which has been struggling with a shift toward smartphones and tablets.


Abercrombie & Fitch Co., down $2.19 at $46.86


The teen clothing retailer's profit rose during the holiday quarter, but sales trends deteriorated. It plans to close up to 50 U.S. stores.


Rackspace Hosting Inc., down 74 cents at $54.59


The website hosting company is cutting prices for its cloud bandwidth by one-third and setting tiered prices for other services.


Nasdaq


Zynga Inc., up 23 cents at $3.19


The online games maker could be closer to offering lucrative gambling games in the U.S. after a Nevada law legalized online gambling.


Aruba Networks Inc., up $4.60 at $25.40


The maker of equipment for wireless networks reverted to a profit and posted higher revenue in its latest quarter as demand grew.


WebMD Health Corp., up $4.14 at $20.44


The health website predicted another sales decline for this year, but the drop was not as steep as Wall Street expected.


Charter Communications Inc., up $7.99 at $85.02


New customers and more video and advertising sales helped the cable TV provider narrow its fourth-quarter loss.


Associated Press


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