Marathon Oil, Time Warner, GameStop are big movers

AP News
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Posted: Nov 19, 2009 5:07 PM

The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange:

NYSE:

Marathon Oil Corp., down $1.37 at $33.33

The company will cut capital expenditures in 2010, with a larger percentage of funds going toward exploration and production.

Time Warner Inc., down 52 cents at $32.30

AOL is looking to shed as much as 36 percent of its work force as it prepares to spin off from Time Warner next month.

Philip Morris International Inc., down 38 cents at $50.14

The cigarette maker expects its full-year earnings at the high end of its forecast, but that still falls short of Wall Street's views.

GameStop Corp., up 41 cents at $24.50

The video game retailer said sales of hot-selling games helped boost its third-quarter profit and offset a decline for video game hardware.

NASDAQ:

Sears Holdings Corp., down $2.82 at $72.95

The retailer posted a smaller third-quarter loss, combating customers' continued desire to spend money elsewhere.

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Whole Foods Market Inc., up 76 cents at $26.97

An analyst upgraded the stock, saying a recent sell-off made it more attractive and that costs were being held in check.

Momenta Pharmaceuticals Inc., up 63 cents at $11.29

An analyst upgraded the stock, saying Momenta will soon receive marketing approval for its version of the anti-clotting drug Lovenox.

Hot Topic Inc., down 87 cents at $5.80

The teen-oriented retailer reported that its third-quarter revenue declined and it missed expectations due to the weak economy.