Tenet Healthcare, Cintas are big movers
APNews
Dec 23, 2009
The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE:
Tenet Healthcare Corp., up 20 cents at $5.52
An analyst predicted the hospital operator's results will improve in 2010, and the expected health care overhaul should boost shares.
New York Times Co., up $1.07 at $12.10
An industry analyst raised hopes that a brutal advertising slump is tapering off more quickly than expected.
Micron Technology Inc., up 58 cents at $9.99
Shares rose to their highest point since Nov. 2007 after the memory chip maker posted its first quarterly profit in about three years.
American Greetings Corp., down 3 cents at $23.81
The greeting card company said it returned to a quarterly profit a day after announcing job cuts and a plant closing.
NASDAQ:
Compugen Ltd., up $1.75 at $4.59
Pharmaceutical giant Pfizer Inc. signed a collaboration deal with the Israeli drug developer involving three peptide product candidates.
Cintas Corp., down $3.33 at $26.35
The corporate uniform maker said analysts' expectations for its fiscal 2010 year were "too optimistic" amid high unemployment.
Finish Line Inc., up 89 cents at $10.89
A tax gain helped the seller of athletic apparel post a quarterly profit, and results beat analysts' expectations.
Pinnacle Financial Partners Inc., up 64 cents at $14.30
An analyst upgraded the regional bank, citing a strong management team and balance sheet.