Whirlpool, American Capital, Riverbed Technology among big market movers Thursday

By AP
Thursday, June 3, 2010

Whirlpool, American Capital among big movers

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

NYSE:

Whirlpool Corp., down $2.25 at $101.29

Whirlpool’s Maytag unit is recalling about 1.7 million dishwashers after reports of electrical failures that led to fires and damage.

J.C. Penney Co., down 7 cents at $27.07

The retailer said revenue in stores open at least a year fell 1.8 percent in May, a somewhat bigger drop than analysts expected.

NASDAQ:

Ross Stores Inc., up $1.95 at $56.19

Revenue at stores open at least a year grew 5 percent in May, well above analysts’ expectations.

American Capital Ltd., down 41 cents at $4.81

An analyst cut his rating to “sell” on the private equity company, citing concerns of a possible bankruptcy filing.

Blue Coat Systems Inc., up $1.22 at $23.60

An analyst upgraded shares of the security hardware and software maker, saying the stock looks like a good buy after a recent sell-off.

Joy Global Inc., up $1.36 at $53.81

Business is booming in Chinese steel and power producing markets, allowing the company to raise profit and revenue targets.

Exide Technologies, up $1.14 at $5.41

An analyst praised the battery manufacturer’s strong fourth-quarter results and predicted growth in fiscal 2011.

Riverbed Technology Inc., up $1.31 at $28.21

FBR Capital Markets upgraded the stock, saying the company is doing a better job closing new deals as demand picks up.

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