News

Tesla, Microsoft, Vivus, Abercrombie & Fitch and Curis are big market movers

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

NYSE

Abercrombie & Fitch Co., down $5.18 to $33.13

The retailer lowered its full-year outlook, saying spending by younger people has slowed because of the weak jobs market.

Chesapeake Energy Corp., down $1.91 to $26.23

Shares of the natural gas company were trading near two-year highs and investors moved to take profits despite a very strong third quarter.

Ralph Lauren Corp., up $9.33 to $180.52

The high-end retailer raised the lower end of its outlook for the year and predicted strong sales during the holiday season.

LeapFrog Enterprises Inc., down 25 cents to $7.73

The children’s educational-products maker expects a weak holiday season and lowered its earnings forecast for the year.

Nasdaq

Tesla Motors Inc., down $25.65 to $151.16

The electric car maker’s third-quarter results fell short of expectations despite selling a record number of Model S sedans.

Vivus Inc., down $1.17 to $8.23

A year after the drugmaker brought the obesity treatment Qsymia to market, sales have not measured up to most expectations.

Microsoft Corp., up $1.54 to $38.18

Nomura analysts say investors are focused too much on what can go wrong at the software maker and raised its price target.

Curis Inc., down $1.03 cents to $2.86

Regulators put a partial hold on trials for the cancer treatment company’s tumour drug after a patient died of liver failure.