Citigroup, Goldman Sachs, Palm, McMoRan Exploration among market movers Monday

Citigroup, Goldman Sachs, Palm are active movers

NEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

Citigroup Inc., up 32 cents at $4.88

The bank said trading of bonds, stocks and other securities led it to a surprise first-quarter profit of $4.4 billion.

Cornell Companies Inc., up $6.03 at $24.50

Geo Group Inc. will buy the prison company for about $385 million, or about a 35 percent premium to Cornell’s Friday stock price.

McMoRan Exploration Co., down $2.17 at $13.19

The oil and natural gas company reported a first-quarter loss because of lower natural gas prices.

Doral Financial Corp., down 91 cents at $5.43

The Puerto Rican parent of Doral bank said it plans to raise up to $600 million in equity capital, diluting current stockholders.

Goldman Sachs Group Inc., up $2.62 at $163.32

The investment bank’s shares continued to rise as European regulators and banks said they were investigating following the SEC’s charges.

Hospira Inc., down $1.53 at $55.57

Javelin Pharmaceuticals Inc. ended its merger agreement with Myriad Pharmaceuticals Inc. after getting a $145 million bid from Hospira.

NASDAQ:

Palm Inc., down 67 cents at $4.92

A Morgan Keegan analyst downgraded the smart phone maker, saying a company turnaround remains difficult and a quick buyout isn’t likely.

Cadence Pharmaceuticals Inc., up $1.26 at $10.45

The drug developer said it plans to make a new request for approval of its pain and fever drug Ofirmev within the next 30 days.