JC Penney and First Solar are big market movers

Movado, Microsoft, DSW, JC Penney and First Solar 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., down 18 cents to $13.17

William Ackman plans to sell his entire stake in the retailer at a loss of about $470 million.

DSW Inc., up $6.43 to $87.75

The shoe seller's quarterly profit jumped 15 percent on improving sales and cost controls.

Movado Group Inc., up $3.99 to $41.99

The watchmaker gets a tax break and sees profits spike 55 percent in the latest quarter.

Nasdaq

First Solar Inc., down $1.94 to $36.84

Rival LDK Solar cites insufficient cash in delaying a semi-annual debt payment, which dragged down the entire solar sector.

Acura Pharmaceuticals Inc., down 37 cents to $1.50

The medical company's Aversion H&A technology for deterring drug abuse via snorting failed to meet the primary endpoint in a mid-stage study.

Accretive Health, Inc., down 40 cents to $9.54

The revenue cycle management service company for healthcare providers was downgraded by Oppenheimer.

Microsoft Corp., down 89 cents to $33.26

Janney Capital expects the software giant's stock to "languish at current levels" until the company shows signs of innovation and execution.

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