California Pizza Kitchen, Monsanto, Dollar Tree among big market movers Monday

By AP
Monday, June 21, 2010

California Pizza Kitchen, Monsanto are big movers

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

NYSE:

Valeant Pharmaceuticals International, up $1.03 at $46.90

Canadian drugmaker Biovail Corp. and Valeant have agreed to combine and form a new company under the Valeant name.

Monsanto Co., down 43 cents at $49.96

A disclosure report shows Monsanto spent $2.46 million in the first quarter to lobby the federal government.

Ralcorp Holdings Inc., down $4.89 at $57.28

The food maker has agreed to buy American Italian Pasta Co. for about $1.2 billion and has acquired two cracker makers.

NASDAQ:

Dollar Tree Inc., up 3 cents at $63.05

The company, which operates discount stores, said its board had authorized the repurchase of up to $500 million in stock.

Cypress Bioscience Inc., down $1.64 at $2.70

The company is purchasing rights to market BioLineRx’s schizophrenia drug currently in midstage development.

California Pizza Kitchen Inc., down $2.06 at $16.83

California Pizza Kitchen cut its quarterly guidance and said second-quarter sales have been lower than expected.

Affymax Inc., down $15.83 at $7.18

The company reported safety data from ongoing late-stage studies of its anemia drug candidate Hematide that alarmed investors.

LifePoint Hospitals Inc., down $1.10 at $33.04

Fitch Ratings boosted the outlook for LifePoint Hospitals to “positive” from “stable,” saying the company’s credit status has improved.

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