Guess, Reynolds American, Teva, OmniVision among big market movers Friday
By APFriday, May 28, 2010
Guess, Reynolds American, Teva among big movers
NEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Guess Inc., down 18 cents at $37.99
The clothing company said that its profit rose sharply as revenue from around the globe grew, but issued guidance below expectations.
Ener1 Inc., up 28 cents at $3.48
The maker of hybrid and electric-car batteries announced a tie-up with a major Chinese auto parts maker.
Reynolds American Inc., down 51 cents at $52.14
The tobacco company will close two cigarette plants as it adjusts to declining demand for cigarettes.
NASDAQ:
OmniVision Technologies Inc., up $1.07 at $19.29
The company, which makes chips for digital cameras and webcams, posted fourth-quarter net income on a boost in sales.
Blue Coat Systems Inc., down $7.37 at $21.47
The network security company forecast fiscal first-quarter results that fell below analysts’ expectations.
Teva Pharmaceutical Industries Ltd., down 88 cents at $54.82
The drugmaker won’t make any more of its sedative propofol, which could intensify a shortage of the most common anesthetic.
Apple Inc., up $3.53 at $256.88
Long lines of eager buyers snaked down streets in London, Paris, Frankfurt and Tokyo for the iPads international launch.
Lawson Software Inc., up 1 cent at $8.24
The business software company said it will eliminate between 150 and 200 jobs, which it said will cost it $5 million to $7 million.
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