Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.
Rite Aid Corp., up 46 cents at $2.64
The nation’s third biggest drugstore chain reported a third-quarter loss that was narrower than analysts’ expectations.
Philip Morris Cos. Inc., up 5 cents at $40.74
A California judge slashed a jury’s $28 billion damage award in a tobacco lawsuit against the company to $28 million.
Barnes & Noble Inc., down $3.91 at $17.46
The world’s largest bookseller lowered its fourth-quarter and full-year outlook, citing disappointing holiday sales.
Sepracor Inc., up $1.24 at $9.14
The pharmaceutical company said it’s on track to submit a new drug application for its insomnia treatment Estorra in mid-February. Still, it said there was no assurance the Food and Drug Administration would approve the application.
Precise Software Solutions Ltd., up $4.43 at $16.48; Veritas Software Corp., down 81 cents at $16.43
Veritas agreed to buy Precise for $537 million.
Intersil Corp., down 99 cents at $13.39
The wireless-networking chip maker cut its revenue and earnings outlook for the fourth quarter, citing a drop in orders.