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Pandora and Tesla are big market movers


October 02. 2013 5:42PM
Associated Press

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


NYSE


Global Payments Inc., up $5.79 to $56.49


The electronic transaction processor named a new CEO, sped up share repurchase plans and boosted its outlook for the year after a strong first quarter.


Imax Corp., down $1.30 to $28.40


Benchmark Research says it expects a disappointing couple of quarters for the theater company because of slowing growth.


Burlington Stores Inc., up $8.01 to $25.01


Shares jump in their public debut after the discount retailer sells 13.3 million shares of common stock, raising more than $226 million.


Pandora Media Inc., up $1.36 to $26.89


Listener hours last month rose 18 percent to 1.36 billion for the Internet radio, and total U.S. radio listening rose more than 1 percent.


Nasdaq


Electronic Arts Inc., down 80 cents to $25.62


Cowen & Co. says first-week sales of the popular FIFA soccer video game fell 24 percent in the United Kingdom, a huge market for the game.


Tesla Motors Inc., down $12.05 to $180.95


A rare downgrade for the electric car maker from R.W. Baird, which believes that the stock's meteoric rise can't go on for much longer.


Omeros Corp., up $1.51 to $11.19


U.S. and European regulators accept for review the company's ophthalmology drug OMS302, with Wall Street growing more optimistic about the drug.


Zogenix Inc., up 29 cents to $2.24


The pharmaceutical company said federal regulators have said they will respond to its application to sell its experimental pain drug Zohydro.


Associated Press


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