Rite Aid, Scholastic, WebMD are big movers
NEW YORK—Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
Rite Aid Corp., up 4 cents at $1.18
The drugstore chain said that sales grew in the fiscal third quarter as it signed up 3 million new members to its rewards program.
Martha Stewart Living Omnimedia Inc., up 8 cents at $4.60
The media and merchandising company said it will sell its stake in online wedding planning site WeddingWire Inc. for $11 million.
Novellus Systems Inc., up $5.67 at $40.37
Semiconductor equipment maker Lam Research Corp. said it is buying its rival, Novellus Systems Inc., for $3.3 billion in stock.
Scholastic Corp., up $1.07 at $26.75
The publishing company said that its second-quarter net income rose nearly 11 percent, boosted by sales of its children's books.
Deckers Outdoor Corp., down $9.13 at $86.46
A Sterne Agee analyst downgraded the footwear maker's stock citing "disappointing" sales of its UGG brand of boots and shoes.
SonoSite Inc., up $11.46 at $53.70
Fujifilm, which makes cameras and medical equipment, said that it is acquiring the ultrasound equipment maker for about $995 million.
WebMD Health Corp., up $3.14 at $37.75
The New York Post reported that four different private equity firms are bidding for the online medical information web site.
BioSante Pharmaceuticals Inc., down $1.64 at 48 cents
The drugmaker said that its potential female sexual dysfunction drug, called LibiGel, failed in two late-stage studies.