Whirlpool, Hertz, Caterpillar, Office Depot, Citigroup among market movers Monday
By APMonday, April 26, 2010
Whirlpool, Hertz, Caterpillar are active movers
NEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Whirlpool Corp., up $10.20 to $112.42
Federal rebates for green appliances drew shoppers, helping the world’s largest appliance maker more than double its quarterly profit.
Hertz Global Holdings Inc., up $1.81 to $14.69
Hertz agrees to buy rival car rental company Dollar Thrifty for almost $1.2 billion in cash and stock to expand its leisure business.
Caterpillar Inc., up $2.87 to $71.65
The construction equipment maker posts strong quarterly profit and predicts worldwide growth of about 3.5 percent this year.
Office Depot Inc., up 50 cents to $8.95
A Credit Suisse analyst lifts his rating and price target on the office supply retailer, citing increased spending by businesses.
Citigroup Inc., down 25 cents to $4.61
The Treasury Department plans to sell up to 1.5 billion shares of Citigroup to begin unwinding support provided during the financial crisis.
Charles River Laboratories International Inc., down $6.22 to $33.55
A Lazard Capital Markets analyst says a surprise deal to acquire WuXi PharmaTech for $1.6 billion could “shock” Charles River investors.
NASDAQ:
Alliance Resource Partners LP, up $2.09 at $49.86
Alliance Resource Partners LP credits its increased first-quarter profit and double-digit rise in revenue to higher coal prices.
Prosperity Bancshares Inc., down $2.77 to $40.20
A SunTrust analyst downgrades shares of the bank holding company, saying it will likely need to buy up other banks to fuel earnings because of weak demand for loans.
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