Gamestop, Ralph Lauren, Sprint are market movers

[February 09, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Gamestop Corp., up 77 cents at $24.50

The video game retailer announced its first-ever quarterly dividend of 15 cents per share.

Ralph Lauren Corp., up $14.42 at $171.49

Strong sales during the holidays helped the clothing and home goods company beat analyst expectations for its fiscal third quarter.

Sprint Nextel Corp., down 4 cents at $2.41

The iPhone helped the wireless carrier gain customers, but the phone's high cost forced it to post its largest loss in three years.

Time Warner Inc., up 1 cent at $38.11

The media company's fourth-quarter earnings grew on strong performance at its Warner Bros. movie studio and its cable networks.

Higher One Holdings Inc., down $2.79 at $15.23

A Raymond James analyst downgraded shares of the financial services provider for college students citing its earnings results.

Western Union Co., down $1.97 at $17.73

The money transfer company said that it expects 2012 profits and income to be lower than what Wall Street was expecting.

Nasdaq

Buffalo Wild Wings Inc., up $12 at $82.19

The restaurant chain operator reported that its fourth-quarter results jumped 34 percent, beating Wall Street expectations.

Rambus Inc., up 69 cents at $8.24

The technology licensing company said it has signed a licensing agreement with chip maker Nvidia Corp. to settle patent dispute.

[Associated Press]

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