JPMorgan and Lorillard are big market movers

The Associated PressJuly 14, 2014 

— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

JPMorgan Chase & Co. (JPM), up $1.98 to $58.27

The banking and financial services company reported second-quarter revenue and profit that beat Wall Street expectations.

Lorillard Inc. (LO), down $7.05 to $60.17

The tobacco company will be sold to Reynolds American for about $25 billion, creating a formidable rival to Altria Group.

Rockwood Holdings (ROC), up $7.44 to $83.14

The specialty chemicals company is being bought by its counterpart Albemarle in a cash-and-stock deal worth about $6.2 billion.

Anadarko Petroleum Corp. (APC), up $3.80 to $109.72

The oil company provided a financial update, including a new credit facility and $335 million in proceeds from a stock sale.

Aaron's Inc. (AAN), down $3.19 to $30.34

The rent-to-own retailer cut its profit and revenue outlook for the second quarter, partly citing performance of its core business.

Nasdaq

Yelp Inc. (YELP), down $2.09 to $69.02

A Federal Reserve report said the valuation of social media firms, which includes the online review site, appear stretched.

Bed Bath & Beyond (BBBY), up 92 cents to $61.05

The home retailer priced three series of notes for $1.5 billion and will accelerate the buyback of about $1.1 billion in stock.

Bank of the Ozarks (OZRK), up 64 cents to $33.58

The regional bank reported a 29.9 percent boost in its second-quarter profit along with record loan growth of $393 million.

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