Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market.
Exxon Mobil Corp., up 29 cents at $37.12
Banc of American Securities raised its rating on Exxon Mobil to ``buy″ from ``neutral.″
Fairchild Semiconductor International Inc., up 75 cents at $29.19
Bear Stearns upgraded Fairchild Semiconductor to ``outperform″ from ``peer perform.″
Motorola Inc., down 11 cents at $10.62
Morgan Stanley lowered its rating on Motorola to ``equal-weight″ from ``overweight.″
Corinthian Colleges Inc., down $2.11 at $53.90
The for-profit post-secondary education company posted fourth-quarter earnings of 39 cents a share, beating analysts’ expectations by 2 cents.
3Com Corp., up 22 cents at $5.64
US Bancorp Piper Jaffray raised its rating on 3Com, which makes networking hardware and software, to ``market perform″ from ``underperform.″
Xoma Ltd., down $26 cents at $9.49
Fulcrum lowered its rating on drugmaker Xoma to ``neutral″ from ``buy.″