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Author
Associated Press
Date
January 15, 2014

Netflix and NuVasive are big market movers

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

NYSE

MeadWestvaco Corp., up $1.72 to $37.38

The packaging company plans to trim costs by up to $125 million yearly by the end of 2015 through job cuts and other initiatives.

Dick’s Sporting Goods Inc., up $1.14 to $56.39

Credit Suisse delivered an upgrade to the sports retailer, citing new focus from management and strong private-label sales.

NQ Mobile Inc., up $1.71 to $15.63

The software company will power the next Sprint ID, a package of apps, ringtones, and other services used on Android smartphones.

Nasdaq

Netflix Inc., down $7.58 to $330.38

A new ruling may allow Internet providers to charge higher fees, possibly increasing costs at the streaming video service.

The ExOne Co., down $5.41 to $56.85

Some international customers deferred orders from the 3-D printer company until at least 2014, leading to a round of cuts to analysts’ earnings estimates.

NuVasive Inc., up $2.88 to $36.66

The medical device company raised its revenue expectations for 2013, saying its growth exceeded the broader spine market.

Allscripts Healthcare Solutions Inc., up $1.19 to $16.71

The electronic health records company issued an upbeat outlook for the next few years.

Datalink Corp., up $4.09 to $14.96

The data infrastructure and services company said fourth-quarter results should come in ahead of its earlier forecasts.

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