Michael Kors and Gap are big market movers

 

The Associated Press

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Michael Kors Holdings Ltd., down $3.58 to $76.39

The apparel retailer said one of its principal founding stockholders is selling its remaining shares in the luxury retailer.

Gap Inc., down $1.94 to $44.65

The clothing and apparel retailer said sales at established stores and revenue fell in August and will pressure profit margins in September.

Dollar General Corp., down $1.47 to $63.01

Family Dollar rejected the rival discount retailer's latest $9.1 billion buyout offer and still plans to sell to Dollar Tree Inc.

Quicksilver Inc., down 70 cents to $2.13

The casual apparel retailer reported a third-quarter loss and the financial results fell short of Wall Street expectations.

Infoblox Inc., up 63 cents to $14.21

The networking technology company's financial results beat expectations and it provided better-than-expected revenue guidance.

Nasdaq

Gilead Sciences Inc., down $1.50 to $105.36

Bloomberg News reported that the biotechnology company is close to a deal to bring low-cost versions of Solvadi to developing nations.

Ambarella Inc., up $1.13 to $36.90

The semiconductor company reported a boost in quarterly profit, beating Wall Street expectations, partly on camera chips.

Finisar Corp., down 86 cents to $17.51

The telecommunications technology company set a weaker-than-expected outlook, citing a downturn in demand for its products.

Keryx Biopharmaceuticals Inc., down 98 cents to $17.01

The company received U.S. approval for its pill to treat kidney disease complications but the clearance required unexpected safety warnings.

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