Citigroup, Best Buy, Charles Schwab Big Movers

The Associated Press

NEW YORK (AP) — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Citigroup Inc., down 40 cents at $4.12

Media reports said the bank is weighing a multibillion-dollar stock offering to repay bailout aid, while the government cuts its stake.

Kroger Co., down $1.65 at $20.46

Consumers' weak spending drove the grocery store to cut prices, hurting second-quarter sales, and it cut its profit guidance for the year.

Best Buy Co., down $2.09 at $38.32

The electronics retailer said it gained market share, but profit dropped 22 percent in the second quarter, short of analysts' expectations.

Smithfield Foods Inc., down 61 cents at $13.69