Dell, Intel, Tiffany, AIG, Marvell Technology, E-Trade are among big market movers Friday
By APFriday, August 28, 2009
Dell, Intel, Tiffany, AIG are big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
J. Crew Group Inc., up $1.97 at $34.73
The clothing retailer
American International Group Inc., up $2.39 at $50.23
Analysts speculated AIG may reconcile with former CEO Maurice “Hank” Greenberg, who could help bring private capital to the company.
Tiffany & Co., up $3.82 at $37.57
Tiffany
Williams Sonoma Inc., up $1.11 at $19.18
A Goldman Sachs analyst upgraded the kitchenware retailer
NASDAQ
Dell Inc., up 28 cents at $15.93
Dell’s second-quarter profit fell 23 percent and sales fell 22 percent, but the results still beat Wall Street’s forecasts.
Intel Corp., up 78 cents at $20.25
The leading maker of computer microprocessors raised its third-quarter revenue forecast above expectations, citing strong demand.
E-Trade Financial Corp., up 19 cents at $1.64
The company completed a $1.74 billion debt exchange to bolster its capital position amid souring real estate-related investments.
Marvell Technology Group Ltd., up 73 cents at $15.36
An analyst called the chipmaker’s second-quarter results a “blowout” as the company boosted its sales guidance for the third quarter.
