Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market.
Callaway Golf Co., up $1.82 at $15.40
The Los Angeles Times reported that the company was considering a $1.2 billion cash buyout offer.
Rite Aid Corp., down 38 cents at $4.17
Profits at the drug store chain fell sharply for the quarter, and the company lowered its outlook for the rest of the year as well.
Unocal Corp., up 80 cents at $65.66
The oil company received a formal $18.5 billion merger offer from CNOOC Ltd., China’s largest offshore oil company.
ATI Technologies Inc., down $1.20 at $11.58
The graphics chip maker posted a loss for the quarter and lowered its fourth-quarter sales estimates.
Corinthian Colleges Inc., down $2.72 at $13.47
The education company slashed its fourth-quarter earnings forecast to 13 cents per share from an earlier 20 to 22 cents per share.
Research In Motion Ltd., up $1.65 at $80
The maker of Blackberry e-mail pagers won an important patent case, which strengthened its position in a lawsuit alleging the company stole another company’s technology.