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Michael Kors and Pike are big market movers

KDWN

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Michael Kors Holdings Ltd., down $4.82 to $77.01

The company’s quarterly financial results topped expectations, but its second-quarter profit outlook fell short of forecasts.

Pike Corp., up $3.87 to $11.83

The electrical engineering company agreed to be taken private by its CEO and investment firm Court Square Capital Partners.

Trex Co., up $4.33 to $33

The deck and fencing company’s quarterly profit beat Wall Street expectations and it issued better-than-expected revenue guidance.

Realogy Holdings Corp., up $1.47 to $37.57

The real estate and relocation services company reported quarterly profit and revenue that beat Wall Street expectations.

Alere Inc., down $5.20 to $34.75

The medical diagnostics company reported worse-than-expected quarterly financial results and a decline in its gross margin.

Nasdaq

Insmed Inc., down $4.59 to $12.66

The biotechnology company said it will move forward with studies on the effectiveness of its drug Arikayce for lung infections.

Impax Laboratories Inc., down 86 cents to $22.77

The drug developer said the FDA performed a re-inspection of a California manufacturing facility and found potential problems.

Ligand Pharmaceuticals Inc., up $4.97 to $54.05

The drug developer’s quarterly financial results met expectations and it raised its full-year profit and revenue guidance.

Michael Kors and Pike are big market movers

KDWN

NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Michael Kors Holdings Ltd., down $4.82 to $77.01

The company’s quarterly financial results topped expectations, but its second-quarter profit outlook fell short of forecasts.

Pike Corp., up $3.87 to $11.83

The electrical engineering company agreed to be taken private by its CEO and investment firm Court Square Capital Partners.

Trex Co., up $4.33 to $33

The deck and fencing company’s quarterly profit beat Wall Street expectations and it issued better-than-expected revenue guidance.

Realogy Holdings Corp., up $1.47 to $37.57

The real estate and relocation services company reported quarterly profit and revenue that beat Wall Street expectations.

Alere Inc., down $5.20 to $34.75

The medical diagnostics company reported worse-than-expected quarterly financial results and a decline in its gross margin.

Nasdaq

Insmed Inc., down $4.59 to $12.66

The biotechnology company said it will move forward with studies on the effectiveness of its drug Arikayce for lung infections.

Impax Laboratories Inc., down 86 cents to $22.77

The drug developer said the FDA performed a re-inspection of a California manufacturing facility and found potential problems.

Ligand Pharmaceuticals Inc., up $4.97 to $54.05

The drug developer’s quarterly financial results met expectations and it raised its full-year profit and revenue guidance.