YRC Worldwide, Apple, General Steel Are Big Movers
NEW YORK (AP) ¿ The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:
Merrimac Industries Inc., up $4.36 at $15.90
Diversified manufacturer Crane Co. is buying the company for $52 million, a steep premium to its closing price the day before.Jackson Hewitt Tax Service Inc., down $1.34 at $4.50 The tax-return preparer said the bank supposed to supply its tax-refund loans would likely not be able to do so. Valley National Bancorp, up 14 cents at $14.13 The regional bank said it repaid $100 million it owed the U.S. government under the Troubled Asset Relief Program. General Steel Holdings Inc., down $1.22 at $4.57 The Chinese steel company will sell 5.6 million common shares and warrants for up to 2.8 million shares to raise $25 million. NASDAQ: Hoku Scientific Inc., up 30 cents at $2.76 A Chinese company, the new majority owner of the supplier of silicon for solar panels, canceled Hoku debt and is loaning it $50 million. YRC Worldwide Inc., up 7 cents at $1.02 The trucking company extended the deadline on a debt-for-equity offer it needs to stave off bankruptcy for the fourth time, to Dec. 28. Arena Pharmaceuticals Inc., down 15 cents at $3.64 Pharmaceutical giant Merck & Co. is ending a collaboration with the drug developer after a disappointing drug trial. Apple Inc., up $6.94 at $209.04 Mounting anticipation for the debut of its rumored tablet device pumped up the technology company's shares to a record high.
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