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Author
Associated Press
Date
December 19, 2013

Target and Oracle are big market movers

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

NYSE

Target Corp., down $1.40 to $62.15

The retailer warned that as many as 40 million credit and debit cards may have been affected by a data breach early this holiday season.

Oracle Corp., up $2 to $36.60

Second-quarter profit edged lower, but the business software maker still topped Wall Street expectations and its revenue rose.

Rite Aid Corp., down 59 cents to $5.17

The retailer and pharmacy cut its per-share earnings guidance for the year despite sales growth.

Darden Restaurants Inc., down $1.90 to $51.02

Red Lobster may be put up for sale and the restaurant operator is suspending the opening of new Olive Garden locations.

KB Home, down $1.08 to $16.47

The homebuilder reported that sharp increases in its activity in the South and Central U.S. were offset by sluggishness in the West during the past quarter.

Nasdaq

Facebook Inc., down 52 cents to $55.05

The social network will sell 70 million shares, including more than 41 million shares owned by Chairman and CEO Mark Zuckerberg.

Accenture PLC, up $3.89 to $79.51

First-quarter profits rose as the management consulting company logged some notable growth from new bookings, while revenue rose.

Alimera Sciences Inc., up $1.60 to $4.15

No more trials will be required before regulators decide on whether to approve the biopharmaceutical company’s eye disease treatment.

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