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Big Movers in the Stock Market

October 30, 2002

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NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market.


General Electric Co., down 28 cents at $25.57

In a filing with the Securities and Exchange Commission, the diversified company said about $800 million in investment securities may be charged to earnings in the next 12 months.

Wal-Mart Stores Inc., down $2.04 at $54.43

Goldman Sachs downgraded the retailer’s stock to ``market performer.″

The Gillette Co., up $1.54 at $30.15

Morgan Stanley upgraded the consumer products manufacturer’s stock to overweight, citing promising long-term growth.


Inspire Pharmaceuticals Inc., up $1.53 at $5.30

The drug company said it would file a new drug application for INS365 Ophthalmic for the treatment of dry eye, citing some success in its clinical trials.

Coherent Inc., down $1.94 at $16.35

The maker of laser systems postponed the release of its fourth-quarter results, citing a delay in completing the statements as well as an audit of its Lambda Physik AG unit in Germany.

Papa John’s International Inc., $1.67 at $28.36

The No. 3 pizza chain said October same-store sales fell 3.8 percent, but it reaffirmed its fourth-quarter forecast of 58 to 61 cents a share.

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