Big Movers in the Stock Market
May. 21, 2004
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market.
Delta Air Lines, up 65 cents at $6.64
The airline was upgraded by Lehman Brothers, who said the stock should be worth $10.
General Motors Corp., down 38 cents at $43.08
The automaker said it will cut 872 jobs at its Saturn plant in Delaware.
World Wrestling Entertainment, Inc., down 70 cents at $11.50
The company announced the pricing of a public offering of 6.1 million shares of common stock at $11.50 per share.
JLG Industries Inc., down 73 cents at $12.81
The access-equipment producer's adjusted earnings fell short of analyst expectations.
Comcast Corp., up 13 cents at $28.60
The nation's largest cable television company agreed to use Microsoft Corp. software in its set-top boxes.
US Airways Group Inc., up 44 cents at $2.17
The airline is seeking $800 million in additional concessions from workers, according to The Washington Post.
Restoration Hardware Inc., up $1.19 at $6.52
The retailer reported an improved first quarter due to gains in direct-to-customer sales.
Serena Software Inc., up $3.82 at $20.60
The software maker issued second-quarter projections that exceeded Wall Street expectations.