NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
NQ Mobile Inc., down $2.18 to $4.58
The mobile Internet services company’s auditor, PricewaterHouseCoopers, said it needs to expand the scope of its 2013 audit work.
Rite Aid Corp., up 40 cents to $7.57
The drugstore operator reported a 3.9 per cent boost in June sales at stores open at least a year. The measure is a key indicator for retailers.
Lorillard Inc., up $3.26 to $64.41
CNBC reported that the tobacco company is back on track for a potential sale to competitor Reynolds American Inc.
Cliffs Natural Resources, up 70 cents to $16.42
The mining company said activist investor Casablanca Capital rejected its offer to let it choose three new directors for the board.
PetSmart Inc., up $7.48 to $67.28
The pet supplies company is being asked to consider a sale by Janna Partners, a major shareholder and activist hedge fund.
Sun Bancorp Inc., up 18 cents to $4.27
The bank holding company will eliminate its home loans unit and cut 38 per cent of its workforce as part of a restructuring plan.
Spectrum Pharmaceuticals Inc., up 18 cents to $8.90
The drug developer confirmed that the Food and Drug Administration granted accelerated approval for its lymphoma drug Beleodaq.
Iridium Communications Inc., up 37 cents to $8.86
The communications services company successfully completed a test on a new satellite launching and separation component.