Phillips-Van Heusen, PepsiCo, RadioShack, Baidu among big market movers Monday
By APMonday, March 15, 2010
Phillips-Van Heusen, PepsiCo are big movers
NEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Phillips-Van Heusen Corp., up $4.66 at $52.40
The clothing maker will buy Tommy Hilfiger for about $3 billion in cash and stock, helping it grow overseas.
PepsiCo Inc., up $1.05 at $66.15
The soft drink seller plans to repurchase up to $15 billion worth of its common stock and boost its annual dividend by 7 percent to $1.92.
Boston Scientific Corp., down 98 cents at $6.80
Shares tanked as the medical device maker suspended sales of its top-selling heart defibrillators because of a documentation error.
RadioShack Corp., down 68 cents at $22.19
Goldman Sachs removed the electronics retailer from its Conviction Buy list, although the bank maintained the “buy” rating.
CONSOL Energy Inc., down $5.48 at $48.85
Buying a Dominion Resources unit for $3.5 billion will increase the coal and natural gas company’s reserves and production capacity.
Wal-Mart Stores Inc., up $1.52 at $55.42
Shares hit a 52-week high after a Citi analyst upgraded the discount retail giant, saying it will lower prices to boost market share.
NASDAQ:
Baidu Inc., up $26.60 at $576.84
The Chinese Web portal’s shares jumped, while Google stock fell on reports the U.S. search engine was close to exiting China.
Chordiant Software Inc., up $1.18 at $4.99
Software maker Pegasystems plans to buy Chordiant for $161.5 million, a 31 percent premium to the company’s closing price Friday.
Tags: Energy, Health Care Industry, New York, North America, United States