Ford, BJ’s Wholesale, Smith & Wesson among big market movers ThursdayBy AP
Thursday, July 1, 2010
Ford, BJ’s Wholesale among big movers
NEW YORK — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
BJ’s Wholesale Club Inc., up $6.53 at $43.54
A private equity firm bought a large stake in the discount club, and wants to talk to executives about taking the company private.
Christopher & Banks Corp., up $1.11 at $7.30
The women’s clothing retailer’s quarterly net income nearly quadrupled as the store sold more full-price apparel.
Ford Motor Co., up 49 cents at $10.57
The automaker’s June sales rose 15 percent from a year ago as car buyers and fleets both bought more vehicles.
Dendreon Corp., down $2.20 at $30.13
Medicare administrators will take a year to review the company’s cancer therapy to decide whether to cover the costly treatment.
Apple Inc., down $3.05 at $248.48
Amazon.com cut the price on its large-screen e-book reader Kindle DX as competition in the market heats up; Apple’s iPad is pricier.
Arena Pharmaceuticals Inc., up 49 cents at $3.56
The biotech drug developer signed a lucrative deal with Japan’s Eisai Inc. to market its promising obesity drug in the U.S.
Smith & Wesson Holding Corp., up 28 cents at $4.37
A Merriman Curhan Ford analyst upgraded the gun maker, saying it will gain market share as the firearms industry grows.
Amedisys Inc., down $4.64 at $39.34
The Securities and Exchange Commission opened an investigation into potential Medicare billing fraud at the home health provider.
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