Rent-a-Center, J.C. Penney climb; Snap, Pearson fall



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NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday:

Rent-a-Center Inc., up 99 cents to $12.09

The company said its board of directors rejected a takeover offer of $15 a share from Vintage Capital Management.

Citrix Systems Inc., down $1.37 to $78.56

The technology company said its chief financial officer, David Henshall, would take over as CEO from Kirill Tatarinov effective immediately.

J.C. Penney Co., up 8 cents to $4.56

The company said Edward Record is stepping down as chief financial officer to pursue other interests.

Pearson PLC, down 45 cents to $8.36

The British publishing company is selling a 22 percent stake in Penguin Random House to Germany's Berteslmann, the co-owner of the business.

Snap Inc., down $1.52 to $15.47

The parent company of the disappearing-message service Snapchat slumped after closing below its IPO price on Monday.

Devon Energy Corp., up 80 cents to $30.53

Energy companies moved higher in tandem with prices for oil and natural gas.

T. Rowe Price Group, down $1.89 to $75.16

Financial companies fell more than the rest of the market.

Michael Kors Holdings Ltd., down $2.64 to $33.25

MKM Partners initiated coverage on the retailer with a "Sell" rating.

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The Associated Press

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