Rite Aid, Sotheby’s, Edwards Lifesciences among those companies making big stock market moves

Thursday, September 23, 2010

Rite Aid, Sotheby’s among big market movers

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


Rite Aid Corp., down 15 cents at 95 cents

The drugstore operator reported a bigger loss for its fiscal second quarter as its revenue slipped 2.5 percent and it refinanced some of its debt.

Sotheby’s, up 95 cents at $33.31

An analyst predicted the auction house’s third-quarter sales should rise about 60 percent from a year ago, thanks to rebounding art prices.

Edwards Lifesciences Corp., up $7.89 at $67.59

Shares rose to an all-time high after the New England Journal of Medicine published positive clinical trial results for the company’s Sapien heart valve.

BioMed Realty Trust Inc., down 77 cents at $17.66

Shares fell after the real estate investment trust announced a $298 million property acquisition and a stock offering of 15 million shares.

Red Hat Inc., up $3.32 at $40.07

Shares of the software developer jumped a day after the company reported better-than-expected second-quarter results.


Bed Bath & Beyond Inc., up $1.35 at $43.40

Shares rose a day after the retailer raised its earnings per share forecast for the year and reported that net income rose 34 percent in the latest quarter.

Nvidia Corp., up 23 cents at $11.62

Shares of the graphics chip maker gained after a BMO Capital Markets analyst upgraded the stock, saying it is a good value.

Akamai Technologies Inc., up 59 cents at 50.59

Shares of the technology company rose after an analyst issued an upbeat report on the company, saying investors are undervaluing its potential for growth.

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