Big Movers in the Stock Market
Aug. 11, 2006
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
Intrawest Corp., up $7.71 at $34.22
The Canadian resort operator agreed to be acquired by a private equity firm for about $1.81 billion cash, a 32 percent premium over Thursday's closing price.
Mills Corp., down $5.92 at $16.67.
Bank of America downgraded the shopping center real estate investment trust to ``Sell'' from ``Neutral'' after Mills said it will delay filing its quarterly report because of past accounting errors.
Revlon Inc., up 4 cents at $1.27.
The cosmetics company rose on news of further insider purchases, capping a series of share buys this week by Chief Executive Ron Perelman and other executives.
Apple Computer Inc., down 56 cents at $63.51.
The technology company said its mishandling of employee stock options will require significant revisions to its most recent quarterly results.
Juniper Networks Inc., down 69 cents at $12.21.
The company, which makes routers for computer networks, said its board concluded that Juniper will need to restate past financial results to record additional charges for options grant expenses.
Nvidia Corp., down 46 cents at $23.70.
The graphic chip maker fell after it delayed filing its second-quarter financial report in order to review stock option practices.