Yum Brands, FedEx, Alcoa are market movers
NEW YORK -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Yum Brands Inc., up $5.28 at $70.99
The owner of the Taco Bell and KFC chains said that its third-quarter net income rose on higher demand in the U.S. and China.
H&R Block Inc., down 95 at $16.67
The tax services provider said that it hired The Goldman Sachs Group Inc. to explore strategic options for its banking arm.
FedEx Corp., up $4.41 at $89.99
The package delivery company unveiled its cost cutting plan, saying it will be cutting jobs, aircraft and underused assets.
Alcoa Inc., down 42 cents at $8.71
The aluminum maker lowered its aluminum demand expectations for the rest of the year, mainly because of China's economic slowdown.
Ferro Corp., down 88 cents at $2.75
The specialty chemical company lowered its guidance and said it is exploring strategic options for its solar paste business.
True Religion Apparel Inc., up $4.70 at $25.71
The seller of high-end jeans said that it is considering a possible sale of the company, as well as other strategic options.
Costco Wholesale Corp., up $1.92 at $101.56
The wholesale club operator's fiscal fourth-quarter net income and revenue rose. Results beat Wall Street's expectations.
Helen of Troy Ltd., down $3.81 at $28.14
The personal care product maker said that its fiscal second-quarter net income fell 3 percent, weighed down by a higher costs.