Nordstrom and Alibaba jump while Urban Outfitters falls
Posted June 8
NEW YORK — Stocks that moved substantially or traded heavily Thursday:
Nordstrom Inc., up $4.15 to $44.63
The department store said members of the Nordstrom family are thinking of buying the company.
Verint Systems Inc., up $1.35 to $43.45
The maker of software for analyzing intercepted communications had a strong first quarter.
Urban Outfitters Inc., down $1.88 to $16.35
The retailer said its sales have fallen more than expected in May and early June.
Alibaba Group Holding Ltd., up $16.70 to $142.34
Investors were pleased with the Chinese e-commerce company's revenue forecast.
Tailored Brands Inc., up 29 cents to $11.51
The menswear retailer reported a larger profit than analysts expected and backed its forecast for the year.
Vail Resorts Inc., down $4.11 to $210.85
The ski resort company's profit and sales came up short of analyst estimates.
Valeant Pharmaceuticals International Inc., up $1.09 to $13.26
The drugmaker said it will sell its iNova Pharmaceuticals business to two private equity companies for $930 million.
Regions Financial Corp., up 44 cents to $14.03
Banks climbed Thursday as bond yields and interest rates increased.