Barnes & Noble, Micron Technology, Worthington Industries among big market movers Tuesday
By APTuesday, June 29, 2010
Barnes & Noble, Micron Technology among big movers
NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Ford Motor Co., down 55 cents at $9.88
Forecasters expects U.S. sales of cars and light trucks to slow in June after months of gains.
AK Steel Holding Corp., down $1.25 at $12.07
A UBS analyst cut her price target for the steel producer’s shares, saying the price it pays for iron ore could be far higher in 2010.
Janus Capital Group Inc., down 73 cents at $9
A Keefe, Bruyette & Woods analyst downgraded the asset manager, citing pressure on profit margins.
Barnes & Noble Inc., down $3.14 at $13.27
The book seller posted a steep fourth-quarter loss, even as revenue rose, because of its investment in the growing e-book market.
Smithfield Foods Ind., up 20 cents at $15.08
A Brazilian publication reported that Brazilian meat giant JBS may revive takeover talks with the pork producer.
Worthington Industries Inc., up 27 cents at $13.35
Rising sales volumes in the company’s steel-processing business drove it to a quarterly profit that beat analyst estimates.
Ethan Allen Interiors Inc., down $1.56 at $14.05
A KeyBanc analyst downgraded the furniture company, saying the weak housing market and rising shipping costs will weigh on profit.
NASDAQ
Micron Technology Inc., down $1.35 at $8.67
The chipmaker’s shares reversed Monday gains after its production outlook for the current quarter disappointed investors.
