Saturday, March 2, 2024
Homemarket insiderMidday movers: Ann, Tiffany, Visa & More

Midday movers: Ann, Tiffany, Visa & More

Take a look at some of Friday's midday movers:

Ann – The owner of Ann Taylor and Loft stores rallied sharply after Golden Gate Capital disclosed in a regulatory filing that it had purchased a 9.5 percent stake, making the private-equity firm the retailer's biggest shareholder.

Darden Restaurants -The operator of full-service restaurants rose after it posted fiscal-third-quarter results in line with its previously lowered estimates.

RealD – Shares of the 3-D movie projector and glasses maker jumped after Reuters reported China's Wanda Cinemas would install 780 sets of RealD equipment in Chinese cinemas during the next three years.

Tiffany – The upscale jewelry gained as investors viewed its weak full-year guidance as overly cautious.

Visa – Shares of the card-payment processor rallied after a federal appeals court ruled the Federal Reserve acted properly when it capped debit-card swipe fees at about 21 cents, handing retailers a setback in their long-running battle with banks over transaction costs, which cost retailers billions a year.

AAR – Shares tumbled sharply a day after the aviation-support company posted third-quarter earnings and sales below expectations.

Gilead Sciences – Shares fell after Democrats on the U.S. House Energy & Commerce Committee asked for a briefing from the biotechnology company on the price of its hepatitis C drug Sovaldi, which costs about $84,000 per patient.

PBF Energy – The petroleum refiner tumbled after a secondary offering of 15 million Class A common shares.

(Read More: )

—By CNBC's Kate Gibson.

Questions? Comments? Email us at marketinsider@cnbc.com

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