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Saturday, March 6, 2021

J.C. Penney, Disney, Genzyme are big movers

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The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:


J.C. Penney Co., up $1.82 at $31.21

The department store retailer posted a 78 percent drop in its third-quarter earnings because of a big expense for its pension plan.

Abercrombie & Fitch Co., up $3.92 at $40.68

The preppy clothing seller will add new items at lower prices and continue expanding internationally to combat declining U.S. profit.

Agilent Technologies Inc., up $1.18 at $28.61

The scientific instrument maker posted a sharply lower fourth-quarter profit, hurt by restructuring charges and a revenue decline.

Walt Disney Co., up $1.39 at $30.44

The company posted a surprise jump in profit and announced an executive job switch that might point to a successor to CEO Robert Iger.


China Automotive Systems Inc., up 40 cents at $16.65

An analyst downgraded the company’s stock, noting that they climbed 40 percent since her Nov. 5 upgrade.

Myriad Pharmaceuticals Inc., up 53 cents at $5.81

The company reported a smaller fiscal first-quarter loss on lower research costs after it was spun off from Myriad Genetics Inc.

Genzyme Corp., down $3.89 at $49.28

Federal health regulators have found tiny particles of trash such as steel, rubber and fiber in drugs made by the biotechnology firm.

Petsmart Inc., up 97 cents at $25.67

Goldman Sachs upgraded the pet supplies retailer based on an expectation of higher sales and improved profitability.

© 2009 Associated Press. Displayed by permission. All rights reserved.

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