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Time Warner Cable, Gap, Intel and Biogen are big market movers

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(Globalpost/GlobalPost)

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Time Warner Cable, up $12.06 to $132.92

There are reports of an upcoming bid for Time Warner Cable by Comcast, which has sought guidance on U.S. antitrust laws.

The Gap Inc., down 55 cents to $41.31

The retailer posted a spike in quarterly profit, but its conservative annual outlook implies a tough holiday season.

United States Steel Corp., down 79 cents to $26.36

Wells Fargo sees prices falling during the first half of 2014 after an extended run and issues downgrades on two steelmakers.

Abercrombie

The retailer lost money during the third quarter as it closed Gilly Hicks stores and this quarter is also starting slow.

Violin Memory Inc., down $2.89 to $3.11

The data storage company's worse-than-expected third-quarter results and outlook prompted a downgrade from a Wall Street analyst.

Nasdaq

Ariad Pharmaceuticals Inc., up 99 cents to $3.78

European regulators will allow the company to market its leukemia drug despite a suspension in the U.S. due to its risks.

Intel Corp., down $1.36 to $23.87

Shareholders left the chip giant's investor day unimpressed, with some pointing to its outlook on potential revenue in 2014.

Biogen Idec Inc., up $33.19 to $285.62

The biotech company's shares hit an all-time high after European regulators provide its new multiple sclerosis drug with 10 years of exclusivity.

http://www.globalpost.com/dispatch/news/the-canadian-press/131122/time-warner-cable-gap-intel-and-biogen-are-big-market-movers