Big Movers in the Stock Market
NEW YORK (AP) _ Stocks that were moving substantially or trading heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market.
Oakley Inc., down 79 cents at $11.32
The maker of high-end sunglasses reported second-quarter earnings of 27 cents a share, 2 cents below analysts’ expectations.
Liz Claiborne Inc., down 61 cents at $35.70
Morgan Stanley downgraded Liz Claiborne to ``equal-weight″ from ``overweight.″
Sonoco Products Co., down 31 cents at $23.19
Sonoco Products posted second-quarter profits of 32 cents a share, missing Wall Street’s estimate by 2 cents.
O’Charley’s Inc., down $2.51 at $19.22
Wachovia Securities lowered its rating on the restaurant company to ``market perform″ from ``outperform.″
Immucor Inc., down $1.75 at $21
Immucor, which makes medical products used by blood banks and hospitals, reported fiscal fourth-quarter earnings of 28 cents a share, a penny shy of analysts’ expectations.
Pervasive Software Inc., down 65 cents at $6.40
First Albany downgraded Pervasive Software to ``neutral″ from ``buy.″