AMR, Eastman Kodak, American Axle, Oracle, Discover Financial are among big market movers

AMR, Eastman Kodak, American Axle big movers

NEW YORK — The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Synovus Financial Corp., down 53 cents at $3.90

The bank’s stock offering was bigger than expected, diluting shares, and priced at $4, a 10 percent discount to Wednesday’s close.

AMR Corp., up $1.45 at $8.80

The American Airlines parent got $2.9 billion in new financing, tamping down liquidity concerns, and is increasing capacity in four cities.

Eastman Kodak Co., down 75 cents at $5.93

The photography company plans to raise $700 million through a deal with Kohlberg Kravis & Roberts and a convertible debt offering.

American Axle & Manufacturing Holdings Inc., down 45 cents at $7.68

A debt restructuring and $110 million payment from General Motors may help ward off a bankruptcy filing, but limits the company’s flexibility.

Moody’s Corp., down $1.83 at $24.09

Federal regulators propose new rules designed to stem conflicts of interest and provide more transparency for Wall Street’s credit rating industry, which was widely faulted for its role in the subprime mortgage debacle and the financial crisis.

Discover Financial Services, up 20 cents at $15.52

The credit-card issuer’s third-quarter profit jumped thanks to gains from a legal settlement, but defaults and delinquencies rsose.

Lennar Corp., down 78 cents at $16.60

The government said that construction of single-family homes, which Lennar builds, fell 3 percent in August, the first drop in six months.

NASDAQ:

Oracle Corp., down 61 cents at $21.52

Dropping sales of new software licenses drove total first-quarter revenue below expectations of Wall Street analysts.