Oracle, Arena Pharmaceuticals and Thor Industries among those making big stock market moves

By AP
Friday, September 17, 2010

Oracle, Arena Pharmaceuticals among big movers

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

NYSE

Student Loan Corp., up $8.72 at $29.87

Citigroup Inc. is selling its student loan business and about $32 billion in related assets to Discover Financial Services and student lender Sallie Mae.

Thor Industries Inc., up $2.51 at $27.95

The recreational vehicle maker has purchased Heartland Vehicles LLC, which makes towable RVs, for $100 million cash and 4.3 million shares of its own stock.

Massey Energy Inc., down $2.42 at $29.94

The coal producer cautioned that it expects a third-quarter loss, citing tougher enforcement by federal regulators following a deadly explosion at its Upper Big Branch mine.

SouFun Holdings Ltd., up $31 at $73.50

The Chinese real estate website made its debut on the NYSE.

Nasdaq

Oracle Corp., up $2.12 at $27.48

Oracle Corp.’s net income swelled 20 percent in the latest quarter as the world’s biggest maker of database software prospered from freer technology spending by corporations.

Arena Pharmaceuticals Inc., down $1.75 at $1.99

The company’s stock dropped after a Food and Drug Administration panel rejected its weight-loss pill lorcaserin.

Crucell NV, up $11.48 at $32.02

The Dutch biotech firm’s stock surged after Johnson & Johnson announced that it’s in advanced talks to acquire the company.

Brinker International Inc., down $1.16 at $17.65.

The operator of Chili’s and Maggiano’s Little Italy restaurants said its chief financial officer resigned.

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