News

Transocean and Conn's slip, Joy Global and Ciena rise

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Thursday:

Transocean Ltd., down 9 cents to $9.74

The price of oil fell after OPEC nations said they didn’t agree on cuts in energy production, which weighed on energy-industry stocks.

L Brands Inc., up $2.92 to $71.33

The company behind Victoria’s Secret reported strong May sales.

Conn’s Inc., down $3.08 to $8.63

The retailer cut its guidance and announced a management shakeup after it reported disappointing quarterly results.

DeVry Education Group Inc., down $2.36 to $15.84

The for-profit education company said its chief financial officer is stepping down and its stock was downgraded by Credit Suisse.

Joy Global Inc., up $3.66 to $20.36

The mining equipment company posted strong revenue and said China’s economy could improve soon, giving its business a boost.

Hovnanian Enterprises Inc., down 22 cents to $1.71

The homebuilder posted an unexpected quarterly loss and cut its revenue forecast for the year.

Box Inc., down $1.47 to $11.34

The online storage had a strong first quarter but investors were disappointed with its contract bookings.

Ciena Corp., up $2.27 to $20.03

The high speed networking technology company posted strong results.