Alcatel-Lucent, Health Net, DIRECTV, Abercrombie & Fitch among market movers Thursday

By AP
Thursday, May 6, 2010

Alcatel-Lucent, Health Net, MGM are active movers

NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Alcatel-Lucent SA, down 43 cents to $2.59

The telecommunications equipment maker reported a bigger-than-expected quarterly loss as a parts shortage held back sales.

Health Net Inc., up $1.27 to $23.39

The Defense Department awarded the insurer a $17 billion contract to provide coverage for military members and their families.

MGM Mirage Inc., down $1.22 to $13.72

Hefty charges to write down the value of its Las Vegas CityCenter property and weaker revenue drove the casino operator to a quarterly loss.

Magna International Inc., up $7.41 to $69.94

The Canadian auto parts maker posted strong profit and said the Stronach Trust has agreed to loosen its control and adopt a single class of stock.

Abercrombie & Fitch Co., down $3.78 to $40.45

April revenue at the clothing retailer’s stores open at least a year, a key performance indicator, fell more than expected.

NASDAQ:

HealthTronics Inc., up $1.18 to $4.80

Pain killer maker Endo Pharmaceuticals is buying the maker of prostate cancer treatments for $223 million.

DIRECTV Inc., down 29 cents to $34.94

The nation’s largest satellite TV provider nearly tripled its net income as it stole more video customers away from its cable rivals. A broader market plunge reversed the shares’ morning rally.

JDS Uniphase Corp., down $2.76 to $10.94

The communications equipment company reported a narrower quarterly loss but revenue fell short of expectations.

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