Big Movers in the Stock Market
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NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.
Calpine Corp., up $3.06 at $22.81
The electricity provider said it remains on track to achieve its previously forecasted earnings results.
Saks Inc., down 9 cents at $5
The upscale retailer revised its September sales outlook, saying business will likely be down 12 percent or more from a year ago due partly to the flagship Saks Fifth Avenue store closing for two days after the terrorist attacks.
Cendant Corp., up $1.36 at $12.80
The owner of Days Inn and Super 8 hotels and Avis rental cars lowered its earnings projections Friday for the rest of this year and all of next year, blaming the negative effect of terrorist attacks on the travel industry.
Microsoft Corp., up 1.21 at $51.17
The new judge in the Microsoft antitrust case on Friday ordered the company and Justice Department to hold intensive negotiations to settle the four-year legal battle.
McLeodUSA Inc., up 46 cents at 77 cents
The nation’s largest independent competitive local telephone exchange carrier denied rumors it is about to file for bankruptcy.
ATMI Inc., down $2.55 at $15.45
The provider of specialty materials and services to semiconductor companies said deteriorating demand for its products and further job cuts will hurt third quarter results.