Chesapeake Energy, Boeing, Sturm, Ruger are movers
APNews
Jan 04, 2010
The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE:
Chesapeake Energy Corp., up $2.21 to $28.09
France's Total SA committed $2.25 billion to help develop Chesapeake Energy's gas shale assets in Texas.
Sturm, Ruger & Co., up 54 cents to $10.24
An analyst upgraded the handgun maker to "strong buy" from "neutral," saying its shares are undervalued based on gun sales trends.
United Parcel Service Inc., up 81 cents to $58.18
An investment firm upgraded UPS, saying the delivery company's performance would improve with a cyclical recovery in the economy.
Boeing Co., up $2.05 to $56.18
Two investment firms upgraded the aircraft maker's stock, citing factors including an expected increase in orders.
Emdeon Corp., up 22 cents to $15.47
An analyst said he expects the provider of financial and clinical services to the health care industry will beat analysts' estimates for fourth-quarter earnings.
NASDAQ:
Sinclair Broadcast Group Inc., up 60 cents to $4.63
Broadcast revenue was better than expected during the last three months of the year, helped by automotive advertising, the company said.
Calavo Growers Inc., down 85 cents to $16.15
The marketer of fresh avocados and maker of processed avocado products said its profit fell, hurt by a significantly smaller cyclical crop.
ViaSat Inc., down 69 cents to $31.09
An analyst cut the company's stock rating, saying bookings likely slowed during the last three months of the year.