Gap, True Religion, are big movers

(AP) Gap, True Religion, are big movers
Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:


The Gap Inc., up $2.18 at $40.99

Thanks to strong sales at its Old Navy and Gap stores, the retailer said sales at stores open at least a year rose 7 percent in April.

Molycorp Inc., up $1.75 at $7.34

The Greenwood Village, Colo.-based miner of rare earth products reported first-quarter results that beat Wall Street expectations.

ArcelorMittal, up 57 cents at $13.13

The steelmaker posted a first-quarter loss, but it reiterated its forecast and expects to make $7.1 billion in profits for the year.

Hess Corp., down $1.66 at $69.30

The oil company will split the CEO and chairman positions as it fights off a campaign by a major shareholder for a leadership change.


True Religion Apparel Inc., up $2.38 at $31.82

The high-end denim seller has agreed to a buyout offer of about $826 million from investment management firm TowerBrook Capital. Inc., up $27.91 at $765.41

The travel website operator's first-quarter net income increased on improved hotel and international business during the period.

Nvidia Corp., up 63 cents at $14.54

The chipmaker's quarterly net income rose 29 percent, largely because of wider profit margins and better sales of its latest graphics chips.

Air Methods Corp., down $1.67 at $35.19

The air medical transportation company posted a larger-than-expected loss for its first quarter because of weaker revenue.


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