Bank of America, MetLife, EBay, CardioNet are among big market movers Tuesday
By APTuesday, September 1, 2009
Bank of America, MetLife, EBay are big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
NYSE:
Bank of America Corp., down $1.13 at $16.46
The bank is looking to pay back some of the billions in federal bailout aid it has received, according to a published report.
MetLife Inc., down $2.79 at $34.97
A Raymond James analyst downgraded the insurer to “Market Perform” from “Strong Buy,” citing the company’s overvalued stock price.
Alcatel-Lucent, down 14 cents at $3.61
An analyst downgraded the stock on concerns that the company’s restructuring efforts may not materially boost margins until late 2010.
Gander Mountain Co., down 68 cents at $26.75
The retailer of hunting and outdoor gear reported a loss on discounts and markdowns related to exiting its boat and ATV categories.
Bally Technologies Inc., down $1.22 at $39.21
The gaming equipment company is picking up share at an unnamed New York racetrack that has a casino, a Goldman Sachs analyst said.
NASDAQ:
EBay Inc., down 46 cents at $21.68
The company is trading control of Skype for about $2 billion, reversing a 2005 acquisition many analysts found puzzling from the start.
Acadia Pharmaceuticals Inc., down $3.84 at $2
A drug candidate failed to meet key treatment goals in a late-stage study focusing on patients with Parkinson’s disease psychosis.
CardioNet Inc., down 67 cents at $6.53
The company confirmed a Medicare administrator will slash the amount of money it gives to doctors who use CardioNet products.
