CBS, BP, Cablevision, Sara Lee, Blockbuster among big market movers Tuesday

Best Buy, Gamestop, Netflix among big movers

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

NYSE:

Best Buy Co., down $2.49 at $38.56

The company’s profit edged up 1 percent but fell far short of what analysts were expecting as shoppers spent less.

Gamestop Corp., down $1.17 at $20.71

Best Buy Co. said it would start a trade-in program for used games this summer, entering the niche market.

Callaway Golf Co., down 63 cents at $6.97

The golf company said it anticipates second-quarter results well below expectations on the slow economic recovery.

Patriot Coal Corp., down 37 cents at $16.51

The company said second-quarter results will be hurt on suspended production at a West Virginia mine where a major roof collapsed.

NASDAQ:

Netflix Inc., down $3.31 at $123.50

An analyst downgraded the stock to “Hold” from “Buy,” citing potential competition from Hulu.com.

Dell Inc., up 91 cents at $14

Dell said it’s working closely with OnLive Inc., a pioneer of on-demand instant play video games, to power its game service.

Smart Balance Inc., down $1.24 at $3.91

The maker of butter-like spreads and other foods slashed its sales outlook on a weak economy and competitive pressure.

Amylin Pharmaceuticals Inc., down 48 cents at $17.31

Amylin’s diabetes drug Bydureon topped rival Januvia in a study, but results showed it was on par with several other drugs.