Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market.
Bristol Myers Squibb Co., down $1.56 at $21.21
A generic drugmaker announced production of a version of Bristol Myers’ Plavix drug.
Rent-A-Center Inc., up 90 cents at $27.89
Rent Way Inc., up $1.92 at $10.15
Rent-A-Center plans to purchase rival Rent Way for $567 million.
United Rentals Inc., down $4.92 at $21.96
The equipment rental company posted lower-than-expected quarterly earnings and lowered its forecasts for 2006.
Brocade Communications Systems Inc., down $1.13 at $5.01
McData Corp., up 41 cents at $3.26
Brocade announced it would buy McData for $713 million in stock.
Comstock Homebuilding Companies Inc., down $1.45 at $4.06
The homebuilder posted a second-quarter loss, blamed on the deterioration of the housing market.
Loudeye Corp., up $2.56 at $4.33
Nokia Corp., down 10 cents at $19.46
Nokia agreed to buy the digital music distributor for $60 million.