Microsoft, Chipotle, Starbucks and Procter & Gamble are big market movers

The Associated Press 0

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

International Game Technology, down $2.61 to $15.04

Lacklustre regional gambling revenue and increased competition pressured first-quarter earnings at the gambling equipment company.

Chipotle Mexican Grill Inc., down $10.97 to $492.48

The high-flying Mexican food chain gets a downgrade from Wedbush on valuation after the shares rose almost 80 per cent in 2013.

The Procter & Gamble Co., up 94 cents to $79.18

The consumer products maker is undergoing a revamp and its quarterly profit fell 16 per cent, but adjusted results topped expectations.

Kansas City Southern, down $17.79 to $99.49

The railraod’s coal volume shipments hit their lowest level in seven years as utilities shift to cheaper and cleaner natural gas.

Nasdaq

Starbucks Corp., up $1.59 to $74.98

Falling prices for coffee beans and rising comparable stores sales around the globe pushed quarterly profits up 25 per cent.

BioDelivery Sciences International Inc., up $3.16 to $9.41

An experimental pain treatment from the drugmaker outperformed in late-stage testing, triggering millions in milestone payments.

Microsoft Corp., up 75 cents to $36.81

Sales of the new Xbox One consoles by the tech giant and soaring revenue from its line of Surface tablets surprised Wall Street.

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