Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market.
Lexmark International Group Inc., down $11.05 to $67.709
The computer printer maker missed Wall Street’s profit expectations by 7 cents per share.
Meritage Homes Corp., up $4.87 at $65.67
The home builder posted strong revenues and issued a bullish profit forecast.
Rockwell Automation Corp., down $8.38 to $48
The industrial automation company’s quarterly profits were lower than expected and the company’s earnings forecasts were also lower than analysts had projected.
Altera Corp., up $1.35 at $20.60
The chip maker was upgraded to a ``buy″ from ``hold″ by analysts at UBS.
PEC Solutions Inc., up $4.01 at $15.32
The federal technology contractor is set to be acquired by Nortel Networks Corp. for $448 million.
Silicon Laboratories Inc., down $4.90 at $25.90
Falling revenues and profits for the quarter resulted in brokerage downgrades.