AIG, HP, Abercrombie, Zynga are big movers

By The Associated Press

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

NYSE

American International Group Inc., up $1.17 at $38.45

The insurer posted a $4 billion loss at the end of 2012 on costs from Sandy, but its operating profit topped Wall Street expectations.

Hewlett-Packard Co., up $2.10 at $19.20

The latest quarter showed some progress at the PC maker, which has been struggling with a shift toward smartphones and tablets.

Abercrombie & Fitch Co., down $2.19 at $46.86

The teen clothing retailer's profit rose during the holiday quarter, but sales trends deteriorated. It plans to close up to 50 U.S. stores.

Rackspace Hosting Inc., down 74 cents at $54.59

The website hosting company is cutting prices for its cloud bandwidth by one-third and setting tiered prices for other services.

Nasdaq

Zynga Inc., up 23 cents at $3.19

The online games maker could be closer to offering lucrative gambling games in the U.S. after a Nevada law legalized online gambling.

Aruba Networks Inc., up $4.60 at $25.40

The maker of equipment for wireless networks reverted to a profit and posted higher revenue in its latest quarter as demand grew.

WebMD Health Corp., up $4.14 at $20.44

The health website predicted another sales decline for this year, but the drop was not as steep as Wall Street expected.

Charter Communications Inc., up $7.99 at $85.02

New customers and more video and advertising sales helped the cable TV provider narrow its fourth-quarter loss.

2013-02-22 22:07:45 GMT