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.
Boston Beer Co., up $1.83 at $30.83
The brewer of Samuel Adams beers reported a 55 percent surge in second-quarter profits.
Profits at the hospital products maker missed analysts’ estimates, and the company lowered its full-year forecasts.
Morgan Stanley, up 32 cents at $66.60
Saxon Capital Inc., up $3.08 at $14.05
The real estate investment trust is to be purchased by Morgan Stanley for $706 million, or $14.10 per share.
American Science and Engineering Inc., down $8.62 at $37.18
Earnings at the X-ray equipment provider missed Wall Street profit forecasts by 32 cents per share.
Bob Evans Farms Inc., down $2.26 at $25.91
Sales at the restaurant chain fell in July, leading the company to lower its quarterly earnings guidance.
Churchill Downs Inc., up $1.94 at $38.60
Record revenues from this year’s Kentucky Derby helped the racing and wagering company to post higher second-quarter profits.