Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market.
Analog Devices Inc., up $2.01 at $46.90
The chipmaker said quarterly profit more than doubled and beat Wall Street’s forecasts.
General Electric Co., up $1.01 at $29.45
The company said it will likely increase its quarterly dividend by a penny to 20 cents a share next year.
UnitedHealth Group Inc., up 90 cents at $50
The health insurer reaffirmed its 2003 estimates and 2004 outlook, citing strong growth.
SoundView Technology Group Inc., up $2.15 at $15.40
Charles Schwab Corp. agreed to acquire the research and investment banking firm in a deal worth about $324 million in cash.
AT&T Wireless Services Inc., down 9 cents at $6.52
The telecom company reportedly plans to lay off more than 10 percent of its 30,000 workers over the next year.
DoubleClick Inc., up 72 cents at $8.47
Citigroup’s Smith Barney division upgraded the tech company’s stock rating to ``buy″ from ``sell.″