Big Movers in the Stock Market
%mlink(STRY:; PHOTO:; AUDIO:%)
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market.
Boeing Co., down $3.33 at $48.37
The manufacturer missed analysts’ expectations for the first quarter because of weakness in its commercial satellite operation and ongoing losses related to the terrorist attacks.
Williams-Sonoma Inc., up $5.49 at $52.85
The upscale kitchen good retailers raised its estimates for 2002 and the first two quarters of the year because of strong sales. The company is also planning a 2-for-1 stock split.
Metris Cos Inc., down $5.85 at $13.25
The provider of credit cards to those with credit problems lowered its 2002 earnings forecast, citing less spending by its customers. Also, the company’s credit rating was reduced by Fitch Securities, a credit rating agency, on concerns that Metris will face increased regulatory scrutiny in the future.
Intel Corp., up $1.13 at $30.64
The chipmaker reported first-quarter results in line with Wall Street expectations. Microprocessor sales were stronger than anticipated, but the company said it has yet to see firm proof of a broad economic recovery.
MGI Pharma Inc., down $6.16 at $8.59
The drug company stopped a clinical trial of an anticancer drug that failed to show the kind of results it had hoped for in treating pancreatic cancer.
Veritas Software Corp., down $5.90 at $16.01
The storage software maker warned that second-quarter results will likely be below expectations because of a late-March slowdown in sales.