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Allstate and CBS are big market movers


Created: 02/05/2016 6:56 AM

NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq stock market:

NYSE

The Allstate Corp., up $2.41 to $62.05

The insurer reported earnings that beat analysts' expectations.

Yum Brands Inc., down 14 cents to $72.31

The owner of KFC and Pizza Hut reported mixed results for its troubled China business, which it is spinning off.

AstraZeneca PLC, down $1.92 to $30.47

The drug developer expects revenue to decline in 2016 as it loses patent exclusivity on the anti-cholesterol drug Crestor.

Credit Suisse Group AG, down $1.80 to $14.89

The financial firm is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter.

Nasdaq

VirnetX Holding Corp., up $2.27 to $7.06

The patent-holding company won a $625.6 million verdict in a patent infringement lawsuit against Apple Inc.

SolarEdge Technologies Inc., up $2.10 to $29.54

The photovoltaic products maker reported better-than-expected fiscal second-quarter profit and revenue and gave an upbeat outlook.

CBS Corp., up 15 cents to $48.41

Media mogul Summer Redstone resigned as executive chairman of the company amid a courtroom battle over his health.

GoPro Inc., down 93 cents to $9.78

The wearable camera maker reported a surprise fourth-quarter loss on a revenue slowdown and gave a weak revenue forecast.

(Copyright 2016 by The Associated Press. All Rights Reserved.)

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