Aetna, Nvidia, MGM Mirage, Compugen are movers
APNews
Dec 30, 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:
Aetna Inc., down 71 cents at $32.15
The health insurer expects a fourth-quarter charge of up to $65 million to cover costs for layoffs and office consolidations.
Cadbury PLC, up 71 cents at $51.03
The British candymaker agreed to a new deadline to disclose any new information about the bid by Kraft Foods Inc. to acquire it.
MGM Mirage, down 23 cents at $9.18
MGM Mirage still needs capital despite the opening of CityCenter and potential Macau initial public offering, an analyst said.
Valeant Pharmaceuticals International, down 6 cents at $32.11
U.S. and European Union regulators are reviewing a marketing application for the company's seizure drug retigabine.
NASDAQ:
Nvidia Corp., up 65 cents at $18.67
An analyst upgraded the chip-maker, saying it should benefit from improving demand for personal computers.
Broadcom Corp., up 55 cents at $31.85
The chipmaker said it will settle a class action investor lawsuit related to stock option backdating, but did not admit wrongdoing.
YRC Worldwide Inc., down 4 cents at 99 cents
An analyst said YRC could file for bankruptcy as early as this weekend despite efforts to complete a critical debt-to-exchange offer.
Compugen Ltd., up 28 cents at $4.90
The Israeli drug developer raised a net $19 million through a stock sale and plans to use the money for general corporate purposes.