Harley, MasterCard, AK Steel, Savient Pharma among companies making big moves in stock marketBy AP
Wednesday, September 15, 2010
Harley, MasterCard, AK Steel are big movers
NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Harley-Davidson Inc., up $1.37 at $28.84
The motorcycle maker’s union at its Wisconsin production facilities agreed to a new cost-saving contract.
MasterCard Inc., up $10.43 at $210.18 The credit card company expects net income to rise at least 20 percent this year and announced a new stock buyback program.
AK Steel Holding Corp., down 83 cents at $13.70
The steel company forecast an operating loss in the third quarter because of rising iron ore prices and high maintenance costs.
Pall Corp., up $2.38 at $40.41
The water filtration company’s latest quarterly results and 2011 forecast topped expectations of Wall Street analysts.
Micron Technology Inc., down 33 cents at $6.94
A Goldman Sachs analyst cut his rating on the chip maker, saying weak PC sales will hurt its growth.
Neurocrine Biosciences Inc., down 23 cents at $6.02
The pharmaceutical company said a depression drug it is developing failed in a midstage clinical trial.
Savient Pharmaceuticals Inc., up $5.22 at $19.98
The FDA approved the drug maker’s gout treatment Krystexxa, which could be a key revenue driver for the company.
Novell Inc., up 33 cents at $5.90
A New York Post report said the software company is a few weeks away from selling itself in two parts.
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