SAIC, KeyCorp, Textron, UAL Are Big Movers
NEW YORK (AP) ¿ Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
Abercrombie & Fitch Co., down $3.75 at $27.95
The retailer's May same-store sales dropped 28 percent, a performance much worse than that of other big teenager-focused chains.Textron Inc., up 89 cents at $12.27 The manufacturer's Cessna division said it planned more layoffs on top of the 44-percent work force reductions it has already made. SAIC Inc., up $1.10 at $18.70 The defense contractor's first-quarter profit and sales rose as the U.S. military bought more cybersecurity and logistics products. KeyCorp, up 90 cents at $5.50 RBC analysts upgraded the banking sector, saying the worst of the financial crisis was over, and named the regional bank a top stock pick. NASDAQ Anadys Pharmaceuticals Inc., down 15 cents at $1.90 The biotechnology company is cutting 20 jobs, nearly half its work force, and a drug development program as it struggles with funding. Wind River Systems Inc., up $3.76 at $11.76 Intel Corp. is buying the software maker for $884 million in cash, or $11.50 a share, to help the chip giant diversify beyond PCs. UAL Corp., down 17 cents at $5.12 The United Airlines parent is planning to replace a big chunk of its fleet after years of refraining from buying new planes Odyssey Marine Exploration Inc., down $1.66 at $2.21 A federal judge recommended the $500 million sunken treasure discovered by the shipwreck-exploration company be returned to Spain.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV