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Business

Long Island stocks on the move

Traders work on the floor of the New

Traders work on the floor of the New York Stock Exchange on Friday. Photo Credit: Bloomberg News

Arrow Electronics
(ARW)
Melville
$34.75 (week's change: -7.6%)
52-week return: +40.2%
Long Island's biggest company in terms of sales had its largest weekly point drop since May 2010 after forecasting third-quarter revenue and profit less than analysts' estimates.

Tii Network Technologies
(TIII)
Edgewood
$2.20 (week's change: -10.9%)
52-week return: +35.8%
Shares fell to a seven-month low after the provider of equipment used in the telecommunications industry disclosed in a government filing that it had changed auditing firms.

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