Stocks Close Mixed; Apple Puts Dent in Nasdaq
Under Armour (UA) shares tumbled 3.8% as the apparel, footwear, and accessories company announced the resignation of Gene McCarthy, senior vice president of the company's footwear division, effective Feb. 22. Kip Fulks, the company's chief operating officer, will assume responsibility of the footwear division and continue to oversee the company's operations division.
Travelzoo (TZOO) shares surged 24.3% after the publisher of travel deal newsletters and web-sites beat on both the top and bottom lines for the fourth quarter.
Symantec's(SYMC) CEO Steve Bennett plans to cut at least 1,000 jobs as he aims to overhaul the antivirus software maker, according to Bloomberg. Shares rose 1.2%.
ITT Educational Services (ESI) shares rebounded 17.7%. Earlier, the company plunged more than 17.5% after reporting disappointing quarterly results and gave full-year guidance that was below estimates.
Xerox (XRX) shares tacked on 2.2% after the company beat quarterly earnings estimates by a penny and also exceeded top-line expectations.
Focus Media's ( FMCN) American depositary receipts slid 3.1% as the Shanghai-based advertising company revealed that the SEC was launching an investigation into possible violations of securities laws.
-- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse .