AIG, Apple, Kraft, Stanley, Crocs among big market movers Friday

By AP
Friday, May 7, 2010

AIG, Apple, Kraft are active movers

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

NYSE:

American International Group Inc., up $1.95 to $38.70

The bailed-out insurance giant returned to profitability in the first quarter as its struggling insurance business showed signs of improvement.

Stanley Inc., up $7.79 to $36.79

Information technology company CGI Group is buying the government IT services provider for $903 million.

Kraft Foods Inc., up 86 cents to $30.07

Strong sales and its acquisition of candymaker Cadbury lifted the nation’s largest food maker to better-than-expected quarterly profit.

NASDAQ:

Apple Inc., down $10.39 to $235.86

Cell phone maker Nokia Corp. has extended its patent-infringement claims against the iPhone and computer maker to include the new iPad.

Trico Marine Services Inc., down 81 cents to $1.63

The oilfield services provider warned it may not have enough cash to meet its debt requirements over the next 12 months and could default.

Genoptix Inc., down $8.37 to $27.89

A surge in sales and marketing spending drove the diagnostic services company to report a lower-than-expected quarterly profit.

Hansen Natural Corp., down $5.19 to $37.35

Advance customer purchases earlier this year hurt the juice and energy drink maker’s sales and drove it to post lower-than-expected quarterly earnings.

Crocs Inc., up 25 cents to $9.84

The maker of colorful plastic shoes posted better-than-expected earnings as it booked double-digit sales growth.

YOUR VIEW POINT
NAME : (REQUIRED)
MAIL : (REQUIRED)
will not be displayed
WEBSITE : (OPTIONAL)
YOUR
COMMENT :