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Best Buy and Electronic Arts are big market movers

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August 20, 2013 04:30 PM EST | AP


NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Best Buy Co. Inc., up $4.07 to 34.80

The struggling electronics retailer's quarterly net income jumped after it slashed costs and focused on improving its website.

Medtronic Inc., down $1.27 to $52.83

The medical device maker was the biggest decliner on the S&P index after falling a little short on revenue expectations in its most recent quarter.

The TJX Cos. Inc, up $3.49 to $54.24

Second-quarter net income at the parent company of T.J. Maxx and Marshalls clothing stores rose 14 percent, with savvy shoppers flocking to its stores for discounts on designer goods and other wares.

LightInTheBox Holding Co. Ltd., down $7.69 to $11.58

The newly public online retailer in China left investors disappointed with its projections for the quarter.

Nasdaq

RigNet Inc., up $5.33 to $33.63

Kohlberg Kravis Roberts & Co. revealed a huge stake in the company, which provides communications technology to remote sites in the energy industry.

Corinthian Colleges Inc., up 25 cents to $2.40

The U.S. will not require a letter of credit from the for-profit education company following a review of its accounting practices.

Urban Outfitters Inc., up $3.27 to $43.19

The clothing and accessories retailer posted a 9 percent spike in comparable store sales.

Electronic Arts Inc., up 18 cents to $26.75

The video game retailer expects a big boost from upcoming releases of game consoles by Sony and Microsoft.