Herbalife, Anheuser-Busch and Facebook big movers

Herbalife, Anheuser-Busch and Facebook big market movers

Associated Press

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Anheuser-Busch Inbev, up $5.74 to $95.71

The Budweiser maker reported second-quarter earnings that were down from a year ago but still better than expected.

Herbalife Ltd., up $5.46 to $65.50

CNBC reported that the hedge fund activist George Soros has taken a large position in the company, citing sources familiar with the matter that the cable channel did not identify.

The Mosaic Co., down $2.72 to $41.09

Another day of declines for the industry after a big Russian fertilizer company said it would stop cooperating in a pricing cartel. Goldman Sachs cut its rating on Mosaic and two other major producers.

Nasdaq

Facebook Inc., down 83 cents to $36.80

Shares in the world's largest social network passed their $38 IPO price for the first time since the company's rocky public debut last May. But they edged downward later in the day.

SodaStream International Ltd., up $6.76 to $65.08.

The company, which makes beverage carbonation systems that enable consumers to easily transform tap water into carbonated soft drinks and sparkling water, reported its second-quarter net income jumped 36 percent thanks in part to a launch of its merchandise at Wal-Mart Stores Inc.

Ignite Restaurant Group Inc., down $2.33 to $16.01

The owner of Joe's Crab Shacks, Romano's Macaroni Grills and Brick House Tavern + Taps warned that its second-quarter results will come in well below market expectations.

Questcor Pharmaceuticals Inc., up $14.75 to $66.66

Net income grew 67 percent in the most recent quarter thanks to strong sales of Acthar gel, Questcor's main product, which is used to treat more than a dozen conditions including multiple sclerosis.

Symantec Corp., up $2.33 to $26.68

The maker of Norton antivirus software reported first-quarter profit and revenue that topped Wall Street's expectations.

Rates

View Comments (0)