News

Pep Boys, Fitbit, Ericsson and Tiffany are big market movers

NEW YORK, N.Y. – NYSE

Pep Boys – Manny, Moe & Jack (PBY), up $1.09 to $16.85

The auto parts seller said a revised offer from Carl Icahn is a superior bid than a sweetened one from tire company Bridgestone.

Tiffany & Co. (TIF), up $2.64 to $74.48

A Jefferies analyst raised his investment rating on the high-end jeweler’s stock to a “Buy,” calling it a “powerful luxury brand.”

Fitbit Inc. (FIT), up $1.37 to $29.10

Sales of Fitbit’s fitness trackers are “exploding,” according to a Pacific Crest Securities analyst who checked store shelves.

Sunstone Hotel Investors Inc. (SHO), up 44 cents to $13.66

The real estate investment trust said it sold its leasehold interest in the DoubleTree hotel in New York’s Time Square for $540 million.

Royal Caribbean Cruises Ltd. (RCL), up $3.16 to $99.06

A Stifel analyst reiterated his “Buy” rating on the cruise operator’s stock, saying its business looks strong for next year.

Winnebago Industries Inc. (WGO), down 12 cents to $18.85

The maker of recreational vehicles named Michael Happe, a vice-president at lawnmower company Toro, as its next chief executive.

Nasdaq

Sequential Brands Group Inc. (SQBG), up 33 cents to $7.86

The brand managing company expects 2015 revenue to be higher than previously expected after it bought the Martha Stewart brand.

Ericsson (ERIC), up 38 cents to $9.51

The telecommunications company inked a deal with Apple Inc. that ends outstanding mutual patent litigations between the two.