News

Priceline and Fossil climb while Devon and Gannett fall

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:

NYSE

Devon Energy Corp., down 93 cents to $20.33

The oil and natural gas company said it will eliminate 20 per cent of its staff and slash its spending and dividend.

Kinder Morgan Inc., up $1.56 to $17.18

Warren Buffett’s Berkshire Hathaway disclosed a 1.2 per cent stake in the pipeline company.

TransUnion, up $3.71 to $25.07

The credit rating company reported strong fourth-quarter results, and its outlook was stronger than analysts anticipated.

Gannett Co., down $1.10 to $14.24

The newspaper publisher reported disappointing results due to declining advertising and circulation.

Nasdaq

Priceline Group Inc., up $124.88 to $1,235.56

The online travel company’s quarterly profit and revenue surpassed estimates.

Fossil Group Inc., up $9.84 to $44.30

The watch and accessories maker, which slumped in 2015, posted quarterly results that were far better than expected, and its guidance pleased investors.

Garmin Ltd., up $5.83 to $41.06

The personal navigation device maker’s fourth-quarter profit was larger than Wall Street expected.

Cerner Corp., down $2.65 to $52.81

The health care information technology company slumped as investors were concerned about its contract bookings.