Cardinal Health and Goldman Sachs slump while GNC jumps
Posted April 18
NEW YORK — Stocks that moved substantially or traded heavily on Tuesday:
Cardinal Health Inc., down $9.44 to $72.39
The prescription drug distributor forecast weak profits and will buy a group of Medtronic businesses for $6.1 billion.
Goldman Sachs Group Inc., down $10.67 to $215.59
The financial firm reported disappointing revenue as its trading desks had a poor first quarter.
Johnson & Johnson, down $3.90 to $121.82
The health care products giant's revenue fell short of estimates as sales of key products weakened.
Cabela's Inc., up $3.84 to $57.53
The sporting goods chain accepted a reduced buyout offer from Bass Pro Shops.
Whole Foods Market Inc., up 30 cents to $34.82
Big dividend payers like household goods retailers did better than the rest of the market Tuesday as bond yields dropped.
Kate Spade Inc., down $1.24 to $18.16
The clothing, handbag and accessories company missed analyst expectations in the first quarter.
GNC Holdings Inc., up $1.79 to $9.03
The nutritional supplement retailer, which is trying to turn its business around, had a strong quarter.
Netflix Inc., down $3.89 to $143.36
The streaming video company didn't gain as many subscribers in the first quarter as investors hoped.