Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.
Foot Locker Inc., up $2.48 at $27.32
The sneaker chain surged on a report that equity firms Kohlberg Kravis Roberts & Co. and Apollo Management may seek to buy the company for more than $30 per share.
Tyson Foods Inc., up 83 cents at $15.28; Pilgrim’s Pride Corp., up $1.52 at $26.94
JPMorgan upgraded both poultry producers one notch to ``overweight,″ citing an attractive stock price and potential near-term benefits from the cyclical meat industry.
Cash America International Inc., up $2.78 at $33.59
The pawn-shop operator pegged its second-quarter profit ahead of prior forecasts on higher sales and gold prices.
Connetics Corp., down $3.93 at $7.76
The specialty drugmaker warned that its second-quarter earnings will fall far short of earlier estimates and withdrew its guidance for the year.
InterDigital Communications Corp., down $6.82 at $25.89
Piper Jaffray cut the wireless technology company to ``underperform,″ citing valuation.
Standard Microsystem Corp., up $4.04 at $24.51
The integrated circuit maker posted a sharply higher first-quarter profit, helped by a one-time credit related to stock options.