Ford, Safeway, EMC, Fifth Third, eBay, SanDisk are among big market movers Thursday

Ford, Safeway, EMC, 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:

Ford Motor Co., up 60 cents at $6.98

The country’s No. 2 automaker posted an unexpected second-quarter $2.3 billion profit because of debt reductions and labor cost cuts.

Safeway Inc., down $1.59 at $18.35

The grocery store cut its profit outlook for the year, saying same-store sales will be weak throughout 2009 as prices fall.

EMC Corp., up 59 cents at $15

The data storage technology company said second-quarter profit was down, but some customers had stopped constricting tech budgets.

D.R. Horton Inc., up 79 cents at $11.17

A government report showed an increase in home sales, signaling a housing recovery, and an analyst upgrade buoyed the homebuilder.

NASDAQ:

Medarex Inc., up $7.49 at $15.89

Drugmaker Bristol-Myers Squibb bought the biotechnology drug company for $2.1 billion, which was a big premium over the stock price.

Fifth Third Bancorp, up $1 at $8.01

The regional bank posted a second quarter profit due to income from an asset sale, and its adjusted profit also topped expectations.

eBay Inc., up $2.07 at $21.52

Analysts said they saw positive turnaround signs in the online marketplace’s second quarter Web site and sales statistics.

SanDisk Corp., down $2.07 at $16.92

The flash memory card maker said it posted a profit in the second quarter, partly thanks to higher prices, but sales fell 10 percent.