Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that are moving substantially or trading heavily today on the New York Stock Exchange and Nasdaq Stock Market.
Bank of America Corp., up 1 5/8 at 58
The bank was rated ``buy″ in new coverage by a Stephens Inc. analyst, who said the stock should reach 75 within a year.
International Business Machines Corp., up 5 23/64, at 110 5/8
The computer maker was rated ``buy″ in new coverage by a Banc of America Securities analyst, who predicted the stock would reach 130 in the next year.
99 Cents Only Stores, up 3 at 32 1/2
The discount retailer was raised to ``strong buy″ from ``outperform″ by an analyst at Morgan Stanley Dean Witter & Co.
Carmike Cinemas Inc., down 1 9/16, at 9 3/4
The movie-theater operator announced it will post a loss in the fourth quarter due to stagnant revenue, high operating costs and expenses related to new theater openings.
Yahoo! Inc., up 6 3/4 at 252 9/16
The Internet search company is partnering with StarHub, a Singapore-based Internet services provider, to provide online services in Singapore.
Inktomi Corp., up 13 1/16 at 140 3/8
The Internet software company announced a 2-for-1 stock split.
Gentex Corp., up 3 15/16 at 26 11/16
The company, which makes car mirrors, said it has developed new technology that will improve its products.