News

Citigroup, Intel, Lumber Liquidators and Disney are big market movers

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

NYSE

Citigroup Inc., up $1.75 to $54.08

The financial services company will raise its quarterly dividend and buy back up to $7.8 billion shares after getting the green light from the Federal Reserve.

Box Inc., down $2.33 to $18.20

The online data storage company posted a bigger loss for its fourth quarter as it ramped up spending.

United Technologies Corp., up $2.90 to $121.24

The conglomerate is weighing options for its Sikorsky division, including a possible spinoff of the maker of Black Hawk and other helicopters.

Lumber Liquidators Holdings Inc., up $3.35 to $36.08

The company said it will pay for safety testing of laminate floors to address concerns raised in a “60 Minutes” report of high levels of formaldehyde.

Walt Disney Co., up $4.28 to $107.17

The company said it is developing a sequel to its hit “Frozen” movie and will release a new “Star Wars” movie in 2017.

Nasdaq

Intel Corp., down $1.53 to $30.80

The chipmaker lowered its first-quarter revenue forecast, partly because of softer-than-expected demand for business desktop PCs.

Acadia Pharmaceuticals Inc., down $9.94 to $34.82

The biotechnology company will postpone seeking regulatory approval for its lead drug candidate and its CEO, Uli Hacksell, retired.

The Bon-Ton Stores Inc., up $1.18 to $5.87

The department store operator reported a boost in fourth-quarter profit and revenue, and an increase in sales at stores open at least a year.