3Par, Netezza, Intel, J Crew, Tiffany among companies making big moves in the stock market

By AP
Friday, August 27, 2010

3Par, Netezza, Intel big movers

NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

3Par Inc., up $6.43 at $32.46

Hewlett-Packard Co. boosted its offer for the data storage copmany, raising the stakes in a bidding war with rival Dell Inc.

Netezza Corp., up $4.95 at $19.87

Shares of the data storage company hit a record high after it raised its outlook for the year on increasing demand.

J. Crew Group Inc., down $2.39 at $31.04

The retailer posted a disappointing outlook, and analysts say it faces tough competition and frugal shoppers in the second half of the year.

Gannett Co., up 33 cents at $12.51

The publisher’s USA Today newspapr is ramping up efforts on mobile devices and will cut about 130 jobs this fall.

Tiffany & Co., down $1.33 at $40.71 The jewelry retailer’s quarterly profit grew and it raised its earnings guidance, but revenue fell short of analyst estimates.

NASDAQ

Intel Corp., up 19 cents at $18.37

The stock careened from a 52-week low to end higher after the chip maker cut its sales forecast for the quarter.

SunPower Corp., up $1.19 at $11.22

Two analysts upgraded the stock, saying shares of the solar energy company were undervalued after a long slump.

ImmunoGen Inc., down $3.23 at $5.16

Federal regulators declined to accept an application for accelerated approval for the drug maker’s potential breast cancer treatment.

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