Ryder, Novartis, Hertz, Dynegy Are Big Movers
NEW YORK (AP) Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Ryder System Inc., up $2.24 at $49.28
An RBC analyst raised his investment rating on the trucking company, saying he expects demand for its services to rise.Novartis AG, up $3.16 at $58.99 The Swiss pharmaceutical company reached a deal to complete a $51 billion takeover of eye care company Alcon Inc. Boston Beer Co., up $10.22 at $94.97 The maker of Sam Adams beer raised its 2010 earnings forecast, citing 12 percent growth in shipments over 2009 levels. Hertz Global Holdings Inc., up 26 cents at $13.90 A Barclays analyst was upbeat about the rental car service's ability to beat its own earnings forecasts and Wall Street estimates. Dynegy Inc., up 18 cents at $5.63 The power plant operator agreed to billionaire investor Carl Icahn's $665 million takeover bid, dismissing Blackstone's lower offer. NASDAQ Cypress Bioscience Inc., up 70 cents at $6.45 The drug developer agreed to be bought by Ramius LLC for $6.50 per share 63 percent above the hedge fund's initial bid in July. Joy Global Inc., up $5.57 at $85.78 The mining equipment maker said its quarterly profit rose 18 percent and posted a cheery outlook for 2011. Accuray Inc., up 33 cents at $6.58 The company received FDA approval for a lung cancer treatment component of its CyberKnife radiation therapy device.
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 + 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