AIG, Apple, Kraft, Stanley, Crocs among big market movers Friday
By APFriday, 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.
Tags: Ipad, New York, North America, United States