Ford, Rite Aid, SAIC, Boeing, Digital River among big market movers Thursday

By AP
Wednesday, 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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