Zale, Eli Lilly, Lumber Liquidators and Garmin are big market movers

The Associated Press 0

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

NYSE

Zale Corp., up $6.01 to $20.92

Signet Jewelers Ltd., the owner of Jared and Kay Jewelers stores, said it agreed to buy rival Zale for about $900 million.

Lumber Liquidators Holdings Inc., up $4.98 to $100.58

The hardwood flooring retailer said that its fourth-quarter net income rose nearly 51 per cent.

La-Z-Boy Inc., down 63 cents to $26.48

The furniture maker reported third-quarter results that missed Wall Street expectations as harsh weather hurt sales and deliveries.

LinkedIn Corp., up $4.40 to $196.32

The online professional networking service said it is now letting its members write longer posts about their industries or jobs.

Eli Lilly & Co., up $2.84 to $58.09

The drugmaker said previously treated lung cancer patients who took its experimental drug lived longer.

Devon Energy Corp., up $1.34 to $64.25

The oil and natural gas company said it will sell some Canadian assets for $2.8 billion to Canadian Natural Resources Ltd.

Nasdaq

Garmin Ltd., up $4.51 to $51.68

Activity trackers and video cameras helped boost the navigation maker’s fourth-quarter net income, even as sales for its GPS devices fell.

Spirit Airlines Inc., up $2.93 to $50.59

The airline reported net income for its fourth quarter that easily beat what Wall Street analysts were expecting.

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