Family Dollar Stores, Sealy among companies making big moves in the stock market
By APWednesday, September 29, 2010
Family Dollar Stores, Sealy among market movers
NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Keithley Instruments Inc., up $9.06 at $21.45
Danaher Corp. will buy Solon, Ohio, electrical instrument maker for about $340.8 million.
Family Dollar Stores Inc., up 71 cents at $44.05
Shares hit a 52-week high after the discount retailer’s fourth-quarter profit climbed 23 percent.
Sealy Corp., down 32 cents at $2.46
The mattress maker posted a loss in the third quarter as sales fell and the costs of its materials rose.
American Greetings Corp., down $1.91 at $18.76
The greeting card company’s quarterly profit tumbled 63 percent, squeezed by acquisition-related costs, higher expenses and lower revenue.
Live Nation Entertainment Inc., up 11 cents at $9.96
Media mogul Barry Diller will resign as chairman of the music concert company after a boardroom power struggle with director John Malone.
NASDAQ
Green Mountain Coffee Roasters Inc., down $5.95 at $31.06
The coffee copmany said the Securities and Exchange Commission is performing an inquiry into how the company accounts for revenue.
Matrix Service Co., down 38 cents at $8.77
A KeyBanc analyst trimmed earnings estimates for the energy services company because of weaker profit margins.
FalconStor Software Inc., down 91 cents at $3.15
The company’s CEO resigned after he said improper payments were allegedly made in connection with a contract with one customer.
Tags: New York, North America, United States