Coca-Cola, Blockbuster, Fifth Third, Mylan, Palm among big market movers Thursday

Coca-Cola, Blockbuster, Fifth Third are big movers

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

NYSE:

Coca-Cola Co., down $2.04 at $53.12

Coca-Cola plans to buy the North American operations of its largest bottler in an effort to put more new drinks on shelves quicker.

Mylan Inc., up $1.28 at $20.70

The drug developer named automotive technology company executive John D. Sheehan as its chief financial officer, effective April 1.

Blockbuster Inc., down 6 cents to 31 cents

Analysts said the company may need to undergo significant restructuring as competition erode revenue, making it difficult to pay debts.

Dr Pepper Snapple Group Inc., up $3.18 at $31.83

The softdrink maker moved to a fourth-quarter profit, while a competitor’s deal could mean a potential payout.

NASDAQ:

Palm Inc., down $1.56 at $6.53

The smartphone maker sharply cut its revenue forecast, saying fewer customers are buying its revamped smartphones.

Anadys Pharmaceuticals Inc., down 29 cents at $2.02

Anadys is developing hepatitis C drug was only slightly more effective at treating the virus than placebo in a midstage study.

Smith Micro Software Inc., up $1.42 at $9.15

The company, which makes software for mobile devices, posted fourth-quarter earnings above Wall Street’s expectations.

Fifth Third Bancorp, down 49 cents at $12.20

A Citigroup analyst downgraded the regional bank, saying its stock has nearly reached his target price