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.
Biovail, up $7.13 at $75.63
The drug company said it is acquiring DJ Pharma in a $162.5 million stock deal.
DuPont, up $1.00 at $45.38
The chemical company’s stock rose Wednesday, the same day that the price of oil, a key material for chemical processing, moved lower.
Guidant, down $11.19 at $57.75
The maker of surgical stents used to treat heart disease said earnings would be below expectations.
Latitude Communications, down $1.81 at $5.19
The maker of voice and data conferencing systems said its earnings would be below expecations because of sales and distribution problems.
Calico Commerce, down $1.63 at $3.56
The software company said the failure to complete some large deals would result in lower than expected earnings.
Computer Horizons, up 78 cents at $4.13
The information technology company’s shares fell after it said it will miss earnings because of soft demand and weak sales. The company also said job cuts are possible.