Business Finance

Gannett, Safeway, Men’s Wearhouse are Big Movers

Thursday Jun 13, 2013

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:


The Men's Wearhouse Inc., up $2.02 at $37.61

The men's clothing retailer said that its fiscal first-quarter profit increased 23 percent because of an earlier prom season.

PVH Corp., up $11.32 at $122.60

The parent company of Tommy Hilfiger reported a loss for its fiscal first quarter, but the results were stronger than expected.

Gannett Co. Inc., up $6.75 at $26.60

The news company reached a deal to buy TV station owner Belo Corp. for about $1.5 billion, boosting Gannett's presence in broadcasting.

Safeway Inc., up $1.71 at $24.82

The grocer said that it is selling its supermarket operations in Canada to food retailer Sobeys for $5.7 billion.


Coffee Holding Co. Inc., down 60 cents at $6.46

The wholesale coffee roaster, which sells private label and branded coffee products, said its second-quarter loss widened.

Sigma Designs Inc., down 30 cents at $4.94

The maker of chips for TV and set-top boxes offered a second-quarter revenue forecast that indicated growth may slow.

Spreadtrum Communications Inc., up $2.02 at $20.97

The maker of smartphone chips and other electronics raised its second-quarter revenue expectations well above analysts' expectations.

Ceres Inc., up 36 cents at $4.26

A Raymond James analyst said he expects the agricultural biotechnology company's stock to rise after an important crop data report.

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