Trina Solar, Chico's, Wet Seal are big movers

Trina Solar, Chico's, Wet Seal, DSW, Fresh Market are big market movers on Wednesday

Associated Press

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

NYSE

Trina Solar Ltd., down 75 cents at $6.04

The Chinese solar panel maker's first-quarter loss widened as solar module shipments dropped. Results missed expectations.

Chico's FAS Inc., down $1.38 at $17.96

The clothing chain's first-quarter profit dropped nearly 5 percent as it discounted its seasonal merchandise.

DSW Inc., up $2.50 at $72.48

The shoe retailer said that its first-quarter net income fell 13 percent, but its results easily beat Wall Street expectations.

Nasdaq

Wet Seal Inc., up 37 cents at $4.87

In a sign that its turnaround may be working, the teen retailer's outlook for the current quarter topped Wall Street expectations.

SLM Corp., up 50 cents at $23.48

The student loan company, known as Sallie Mae, plans to split into two separate, public companies. It also named a new CEO.

Daktronics Inc., down 85 cents at $10.16

The video display maker posted a profit for its fiscal fourth quarter, but its results fell far short of market expectations.

The Fresh Market Inc., up $3.93 at $50.29

The grocery store chain said its first-quarter net income rose 15 percent thanks to contributions from new stores.

United Natural Foods Inc., down $1.67 at $53.97

The distributor of natural, organic and specialty foods narrowed its earnings forecast.

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