Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.
Caterpillar Inc., down $2.91 at $41.75
The machinery company reported fourth-quarter earnings that beat analysts’ estimates, but it also issued bearish outlook for future quarters.
Unisys Corp., down $1.44 at $15.25
Unisys’ earnings fell 11 percent, but the information services and technology company still met Wall Street’s expectations for the fourth quarter.
Advanced Micro Devices, up $4.19 at $22.69
The chip maker’s fourth-quarter results missed forecasts, but analysts said the stock still is a good value. Robertson Stephens upped its rating on AMD’s stock to ``buy″ from ``long-term attractive.″
Citrix Systems Inc., up $2.81 at $32.63
Citrix, which supplies server products, reported fourth-quarter earnings that were a penny ahead of estimates.
BroadVision Inc., down $2.06 at $15.19
Deutsche Banc cut its rating on BroadVision, which markets Internet software, to ``market perform″ from ``buy.″
Travelocity.com Inc., up $4.56 at $19.50
The Web-based travel agent posted better-than-expected results for the fourth quarter.