Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Merck & Co., down $2.35 at $35.33
The drug maker delayed its quarterly results until after the close of trading to allow European researchers to present data from a study of cholesterol drug Vytorin. Its partner in the drug, Schering Plough, followed suit. Vytorin failed to reduce heart risks and the need for surgery in the study.
Bank of America Corp., up $1.07 at $28.56
The largest U.S. bank by assets posted results that beat expectations, raising hope the credit crisis might be easing for the nation's biggest retail banks.
Hasbro Inc., down 64 cents at $37.35
The toy maker posted higher quarterly results, helped by the weaker dollar and demand for "Star Wars" and "Indiana Jones" toys. However, concerns about costs and a campaign to raise prices weighed on shares.
Genentech Inc., up $12.06 at $93.88
Roche Holdings AG offered $43.7 billion for the remaining shares of its U.S. biotech partner, seeking to capitalize on the weak dollar to grab a bigger share of earnings.
UnionBanCal Corp., up $3.31 at $48.81
The bank's second-quarter profit fell, but it raised its outlook for the full year and guided above analyst expectations for the third quarter.
NASDAQ
Yahoo Inc., down 78 cents at $21.67
The Internet portal agreed to give activist shareholder Carl Icahn a seat on its board, a move that could prevent a sale of the company to Microsoft.
Sirius Satellite Radio Inc., up 14 cents at $2.42
An FCC commissioner signaled that he hopes the haggling over a proposed merger with XM Satellite Radio Holdings Inc. will be resolved within a week.
Gibraltar Industries Inc., up $3.15 at $15.61
The building products company was upgraded to "buy" at PiperJaffray, which cited successful price increases pegged to offset higher steel costs.
No comments:
Post a Comment