Big Movers in the Stock Market
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NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market.
Wyeth, down $11.94 at $37.30
A government study found long-term use of hormone replacement therapy increases the risk of breast cancer, strokes and heart attacks. Wyeth makes Prempro and other estrogen supplements used in hormone therapy.
US Airways Group Inc., up 23 cents at $3.52
The airline has reached a tentative agreement with its pilots union to reduce wages and benefits as part of an effort to improve the airline’s financial health.
Elan Corp., down 40 cents at $1.80
The Irish pharmaceutical company’s top two executives have resigned following months of stock declines prompted by accounting questions and doubts about some of its products.
Neoware Systems Inc., up $1.39 at $12.13
The software and services company increased its fourth-quarter forecast, citing strong sales.
Applied Materials, down $1.28 at $17.72
Deutsche Bank reduced its forecast for the company as part of broader reduction of the semiconductor sector, citing soft demand.
Retek Inc., down $10.85 at $6.46
The software company reduced its 2002 revenue forecast, citing slow business conditions.