J.C. Penney and Talisman are big market movers

J.C. Penney, Talisman, Jamba, Agenus and PHH are big market movers

Associated Press

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

NYSE

J.C. Penney Co. Inc., up 6 cents to $7.77

The department store chain said that a key sales measure improved from last month and that it expects that it will have ample cash at year end.

McKesson Corp., up $4.09 to $133.72

Shares of the prescription drug distributor spiked on reports that it is maneuvering to acquire German rival Celesio AG for more than $5 billion.

Talisman Energy Inc., down 30 cents to $12.45

Activist investor Carl Icahn tweeted that he has accumulated a nearly 6 percent stake in the Canadian oil and gas company.

PHH Corp., down $1.05 to $24.87

Sterne Agee stripped the mortgage and vehicle fleet management company of its 'buy' rating, citing a rapid rise in its share price after a big shareholder suggested a restructuring.

Nasdaq

Tower Group International Ltd., down $3.02 to $4.39

The reinsurance provider announces a $215 million goodwill impairment charge for the second quarter and says it will boost loss reserves by $365 million.

Jamba Inc., down $2.53 to $10.94

The smoothie maker cut its fiscal 2013 guidance, saying reduced spending by consumers hurt its sales in the third quarter.

OCZ Technology Group Inc., down 9 cents to $1.32

The computer component maker gave a second-quarter forecast that fell short of analyst forecasts.

Agenus Inc., up 24 cents to $3.02

The drug developer said a potential malaria vaccine for which it developed an important component fared very well in a late-stage study.

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