Ford, Rite Aid, SAIC, Boeing, Digital River among big market movers Thursday
By APWednesday, March 31, 2010
Ford, Rite Aid, SAIC, Boeing are big movers
NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Ford Motor Co., down 71 cents at $12.57
Ford and Microsoft Corp. have signed a deal to work with utility companies on an electric-car-charging system.
Rite Aid Corp., down 19 cents at $1.50
The drugstore chain may post larger losses this year as many shoppers remain out of work and it ramps up spending on new programs.
SAIC Inc., down $1.28 at $17.70
The defense contractor posted fourth-quarter results shy of analysts’ expectations and lowered its outlook for the current fiscal year.
Boeing Co., down 92 cents at $72.61
The aircraft maker will take a charge of $150 million due to the recent health care overhaul legislation.
Sealy Corp., down 15 cents at $3.50
The mattress maker reported first-quarter earnings that rose but not as much as analysts expected them to.
Illinois Tool Works Inc., down 7 cents at $47.36
The industrial equipment maker lowered its earnings forecast due to costs related to the new health care legislation.
NASDAQ:
ArQule Inc., up $2.22 at $5.72
The biotechnology company reported promising results from a trial of one of its drug candidates as a treatment for lung cancer.
Digital River Inc., up 79 cents at $30.30
An analyst upgraded the company’s shares, citing an improving consumer spending environment and strong slate of upcoming deals.
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