FedEx, BP, Hovnanian, Genzyme, Momenta Pharmaceuticals among big market movers Monday

FedEx, BP, Hovnanian, Genzyme among big movers

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

NYSE

FedEx Corp., up $4.43 at $83.39

The package delivery company raised its earnings outlook for the year as international priority shipments surge.

Pearson PLC, up $1.01 at $16.09

The publisher of the Financial Times, Penguin Books and educational publications raised its yearly outlook.

BP PLC, up $1.79 at $38.65

The oil giant’s CEO Tony Hayward will step down in October after several public relations gaffes.

Hovnanian Enterprises Inc., up 28 cents at $4.57

The homebuilder was one of the sector’s biggest gainers after sales of new homes in June were better than had been expected.

NASDAQ

Genzyme Corp., up $4.86 at $67.38

Media reports said French drug developer Sanofi-Aventis is interested in buying the biotechnology company.

Sanderson Farms Inc., down $2.08 at $48.67

A Morgan Stanley analyst cut the chicken producer’s stock rating on expectations that grain prices will rise, hurting profits.

Onyx Pharmaceuticals Inc., up $4.54 at $26.04

The drug company reported positive clinical trial results for its cancer treatment candidate carfilzomib.

Momenta Pharmaceuticals Inc., up $4.41 at $26.11

The FDA last week approved the company’s generic version of Sanofi-Aventis Lovenox, a drug for preventing life-threatening blood clots.