Hillshire Brands and Twitter 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

The Hillshire Brands Co., up $7.95 to $52.76

Two days after a takeover bid for the food producer from Pilgrim’s Pride, Tyson Foods comes over the top with a $7 billion bid.

Abercrombie & Fitch Co., up $2.02 to $37.14

The teen retailer lost less money than had been expected last quarter and tightened spending offset thinning gross margins.

Twitter Inc., up 23 cents to $34

The second upgrade in as many days, the latest from Cantor Fitzgerald, has pushed shares of the social site up more than 11 percent this week.

Palo Alto Networks Inc., up $3.66 to $73.17

A patent dispute between the network security company and rival Juniper Networks has been settled at a cost of $175 million.

Tilly’s Inc., down $1.81 to $8.77

Deep discounts meant to rectify weak foot traffic at the teen retailer didn’t help and comparable store sales fell 6.8 percent.

Nasdaq

Apple Inc., up $11.37 to $635.38

Three weeks after the first reports that it would be buying Beats, the tech giant drops $3 billion on the headphone maker.

Costco Wholesale Corp., down 10 cents to $114.14

The bulk retailer got more money from membership fees in its latest quarter, same-store sales grew and revenue jumped 7 percent to $25.79 billion.

Sanderson Farms Inc., up $2.68 to $90.34

The rising price of beef and other meats is driving business to the poultry processor, which more than doubled quarterly profits.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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