News

Wal-Mart, Facebook, Crocs, Safeway and Imax are big market movers

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

NYSE

Safeway Inc., up 71 cents to $35.32

The supermarket chain said it is in talks to sell itself but that it’s not certain a deal will be made.

Pepsico Inc., up 91 cents to $78.01

Activist investor Nelson Peltz is again pushing the snack and beverage company to separate those two divisions to unlock value.

Wal-Mart Stores Inc., down $1.33 to $73.52

The world’s largest retailer offered a weak profit outlook as economic pressures hit low-income shoppers.

Imax Corp., up 43 cents to $27.02

The motion picture technology company topped Wall Street’s quarterly expectations and set a record for box office proceeds.

Nasdaq

Tesla Motors Inc., up $16.33 to $209.97

The electric car company had a very strong quarter and said it would hit the pedal on production of its Model S sedans.

Facebook Inc., up $1.57 to $69.63

The social network is paying a stunning $19 billion for the WhatsApp messaging service, a popular messaging service that lets people send texts, photos and videos on their smartphones.

BlackBerry Ltd., up 34 cents to $9.35

Facebook’s move to buy WhatsApp turned some heads toward the smartphone maker, which has its own messaging platform.

Crocs Inc., up 76 cents to $15.81

The footwear maker’s fourth-quarter results topped Wall Street’s expectations and it announced a $350 million share buyback program.