Big Movers in the Stock Market
%mlink(STRY:; PHOTO:; AUDIO:%)
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market.
Procter & Gamble Co., up $4.07 at $64.12
The consumer goods company reported third-quarter earnings increased 19 percent, beating Wall Street expectations. A drop in net sales was blamed on unfavorable exchange rates.
Pulte Homes Corp., down $3.78 at $43; Dell Webb Corp., up $4.76 at $38.56
Pulte Homes Corp. is acquiring Arizona-based retirement community pioneer Del Webb Corp. for stock worth about $800 million.
McDonald’s Corp., up 14 cents at $27.64
The fast-food restaurant chain is reshuffling its management team, according to published reports.
Dell Computer Corp., down $1.24 at $25.05
Citing worries about the company’s performance in the weakened economy, Merrill Lynch increased its risk rating of the stock and lowered earnings estimates.
Priceline.com Inc., up $1.14 at $5.99
The online travel agent’s rating was upgraded by Goldman Sachs to ``market outperformer″ from ``market performer″ in anticipation of the release of first-quarter results.
Expedia Inc., up $1.96 at $27.97
The online travel agency’s chief executive told Dow Jones the company sees fiscal 2002 revenue growing by about 50 percent. The company said Monday it turned a profit a year ahead of expectations.