CVS Caremark, Motorola, Hasbro, MBIA, Home Depot are among market movers Monday
By APMonday, February 8, 2010
CVS Caremark, Motorola, Hasbro are big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE:
CVS Caremark Corp., up $1.65 at $32.72
The drugstore operator’s profit climbed in the fourth quarter as results improved for its pharmacy benefits management business.
Motorola Inc., up 17 cents at $6.57
Motorola’s venture arm, Motorola Ventures, will act as lead investor for funding of TuneWiki Ltd., a social-networking music service.
SAP AG, down $2.67 at $43.29
The German software maker’s CEO unexpectedly resigned and was replaced with a pair of co-chief executives.
Hasbro Inc., up $3.91 at $34.71
Strong sales of boys’ brands including Transformers and Nerf boosted fourth-quarter profit above analysts’ expectations.
Winnebago Industries Inc., up 67 cents at $12
An analyst upgraded the recreation vehicle maker’s stock to “Neutral,” citing a recent share price decline.
MBIA Inc., up 10 cents at $4.91
MBIA said that its asset management unit, known as Cutwater Asset Management, will function as a separate operating company.
Home Depot Inc., up 61 cents at $28.59
A Morgan Stanley analyst he raised his rating on the home improvement retailer to “”Overweight” from “Equal Weight.”
NASDAQ:
BioMarin Pharmaceutical Inc., down 32 cents at $19.17
An analyst downgraded the stock citing its value and a lack of detail on the biotechnology company’s midstage drug programs.
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