3Par, Hewlett-Packard, Jazz Pharmaceuticals among companies making big market moves

By AP
Monday, August 23, 2010

3Par, Hewlett-Packard, Jazz Pharma big movers

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

NYSE

3Par Inc., up $8.05 at $26.09

Hewlett-Packard Co. bid $1.5 billion for the data storage provider a week after rival Dell Inc. agreed to acquire 3Par for $1.13 billion.

Potash Corp. of Saskatchewan Inc., up 53 cents at $150.20

The fertilizer maker’s board rejected mining giant BHP Billiton’s hostile $38.5 billion takeover offer amid speculation of bids from other companies.

Hewlett-Packard Co., down 81 cents at $39.04

The company made a higher bid for 3Par Inc. after rival Dell Inc.’s offer, raising questions about its direction after the ousting of CEO Mark Hurd.

NASDAQ

Jazz Pharmaceuticals Inc., down $2.27 at $7.96

Federal health experts voted against approving the company’s sleep drug for treating the chronic pain disorder fibroymalgia.

Cumberland Pharmaceuticals Inc., down 61 cents at $5.41

The FDA will take on extra 3 months to review the company’s Acetadote as a treatment for patients with non-acetaminophen acute liver failure.

Tuesday Morning Corp., up 7 cents at $3.66

The discount housewares retailer returned to a quarterly profit as more shoppers visited stores, boosting sales.

Sanderson Farms Inc., up $2.64 at $45.80

The chicken processor’s quarterly profit dropped, but a resumption in exports to Russia helped buoy shares.

1-800-Flowers.com Inc., down 21 cents to $1.70

Shares of the online flower company tumbled to a 52-week low after the fourth quarter loss and revenue decline it posted last week.

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