JPMorgan, Hertz, ArcSight, Cummins among companies making big moves in stock market

Monday, September 13, 2010

JPMorgan, Hertz, ArcSight, Cummins are big movers

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


JPMorgan Chase & Co., up $1.36 at $41.12

The bank was a big gainer among financial stocks after top central bankers agreed on new global rules for capital requirements.

Hertz Global Holdings Inc., up 79 cents at $10.84

Dollar Thrifty Automotive Group Inc. accepted a higher bid of $1.43 billion from the rental car agency, which topped an offer from Avis Budget Group.

K12 Inc., up $2.03 at $25.93

The online education company posted a deeper loss in the fourth quarter, but it was narrower than analysts had expected.

Duoyuan Printing Inc., down $3.60 at $2.99

The Chinese printing equipment supplier dismissed its accounting firm and replaced its CEO and CFO.

Laboratory Corp. of America Holdings, down $3.60 at $73.05

Genzyme Corp is selling its genetic testing business to the Burlington, N.C., lab testing company for $925 million.

Cummins Inc., up $2.89 at $84.81

Shares of the engine maker hit a 52-week high after a Goldman Sachs analyst named it a top stock pick because he expects strong sales growth.


ArcSight Inc., up $8.81 at $43.91

In its latest acquisition, PC maker Hewlett-Packard agreed to buy the security software provider for about $1.5 billion.

OpenTable Inc., up $5.01 at $61.88

A Citigroup analyst expects the restaurant reservation site’s stock price to rise by 23 percent as people start to eat out more.

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