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Big movers in the stock market

September 8, 2000

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


First Data , down $2.69 at $41

The credit card transaction processor’s stock fell Friday after a Morgan Stanley Dean Witter analyst downgraded its stock to ``outperform″ from ``strong buy,″ citing consolidation in the financial services industry.

National Discount Brokers, down $8 at $27.81

The online brokerage said Friday it projected a quarterly earnings loss of 6 to 9 cents per share. Analysts had been expecting a per-share profit of 9 cents, according to First Call/Thomson Financial.

Wolverine World Wide, down $2.94 at $9.50

The footwear company’s shares fell Friday after a Banc of America Securities analyst cut its rating to ``market performer″ from ``buy.″ Earlier in the day, the company had warned its third-quarter earnings would be close to last year’s 28 cents.


Broadvision, down $2.38 at $35.56

The e-commerce applications provider announced Friday an agreement with IBM that will allow Broadvision products to be installed on IBM servers.

Agritope, up $4.47 at $11

The biotechnology company’s shares surged after the announcement late Thursday that it was being acquired by Exelixis, another biotechnology company, for about $68 million in stock.

MPower Communications, down $3.44 to $8.88

A Merrill Lynch analyst revised its rating for the high-tech communications company’s stock to ``accumulate″ from ``buy″ Friday. Late Thursday, MPower revised its third- and fourth-quarter outlooks downward, saying its haste to get to the market proved more costly than it expected.

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