Eastman Kodak, Sonic, Procter & Gamble Big Movers

The Associated Press

NEW YORK (AP) — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Eastman Kodak Co., down 39 cents at $5.54

Kodak expects to draw its debt refinancing from qualified institutional buyers instead of private equity fund Kohlberg Kravis Roberts.

InterOil Corp., up $7.04 at $41.69

The Australian oil company said its natural gas reservoir in the Antelope-2 well could be much larger than expected.

Procter & Gamble Co., up $1.79 at $57.32

An analyst upgraded the maker of Tide laundry detergent and Gillette shavers, praising the company's new price-cutting strategy.

Estee Lauder Cos., up $1.37 at $36.79

The new chief executive is doing away with underperforming brands that no longer fit the cosmetic company's objectives, analysts said.

NASDAQ:

Genzyme Corp., down 69 cents at $57.55

A Deutsche Bank-North America analyst downgraded shares of Genzyme Corp., citing a leveling out of the company's risk-reward outlook.

Sonic Corp., down 28 cents at $11.45

A PiperJaffray analyst downgraded the restaurant stock to "Underweight" from "Neutral" and lowered earnings estimates for 2009.

Zumiez Inc., up $1.80 at $17.13

An analyst upgraded the retailer's rating and boosted its price target on solid back-to-school sales during the Labor Day weekend.

Arena Pharmaceuticals Inc., up 27 cents at $5.18

Arena's obesity drug candidate succeeded in a clinical study, but didn<t appear as effective as those competitors have in development.