Rite Aid, CarMax, Celgene are Thursday movers

[June 22, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Rite Aid Corp., up 8 cents at $1.25

The drugstore chain posted a smaller first-quarter loss than it did a year ago as revenue from its established stores rose.

CarMax Inc., down $2.02 at $25.88

The used car dealership chain reported a 4 percent drop in its first-quarter profit due to lackluster sales and profit margins.

ConAgra Foods Inc., up 66 cents at $25.26

The maker of Peter Pan peanut butter and Slim Jim meat sticks posted higher fourth-quarter earnings and revenue than analysts expected.

Red Hat Inc., down $3.50 at $53

Shares of the maker of the Linux open-source operating system fell a day after it gave a disappointing forecast and reported weaker-than-expected billings, a key revenue indicator.

Philip Morris International Inc., down $2.91 at $85.60

The seller of Marlboro and Parliament cigarettes outisde the U.S. said it is lowering its full-year earnings guidance for a second time.

Nasdaq

Bed Bath & Beyond Inc., down $12.50 at $61.17

The home goods retailer posted a weak earnings outlook saying it had to issue more coupons to get more people shopping.

Onyx Pharmaceuticals Inc., up $19.20 at $63.78

A Food and Drug Administration panel recommended approval of the drug developer's treatment for people with advanced blood cancer.

Celgene Corp., down $7.72 at $59.45

The biopharmaceutical company said it slowed its plans to gain additional marketing approval for its cancer drug Revlimid.

[Associated Press]

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