Barnes & Noble, Cigna, Apple, Borders, Weatherford Int’l are among market movers Tuesday

Tuesday, January 26, 2010

Barnes & Noble, Cigna, Apple, Borders big movers

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


Barnes & Noble Inc., up $2.32 to $19.70

Shares jumped as investors speculated that the bookseller would have a role in Apple’s rumored tablet computer.

Cigna Corp., down $1.99 to $34.36

An analyst downgraded the insurer, saying it may have underpriced its Medicare private fee-for-service plans.

Weatherford International Ltd., down $1.34 to $16.39

The oil services company posted a quarterly loss as a drop in energy demand led to a plunge in oil drilling.

United States Steel Corp., down $6.62 to $49.61

The manufacturing giant said it lost money for the fourth-consecutive quarter as the construction market remained sluggish.

Borders Group Inc., down 17 cents to 92 cents

The bookseller said its CEO is leaving after about a year, leaving Borders scrambling to find its fourth CEO in five years.

Live Nation Inc., up $1.64 to $12.15

The concert promoter merged with ticket-seller Ticketmaster, and Liberty Media is looking to more than double its stake in the combined company.


Apple Inc., up $2.87 to $205.94

The company posted its most profitable holiday quarter yet thanks to strong iPhone and Macintosh computer sales.

Tellabs Inc., up 69 cents to $6.59

The telecommunications equipment maker reported a jump in its fourth-quarter profit thanks to a tax gain.

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