Campbell Soup, Peet's Coffee & Tea are big movers

AP News
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Posted: Nov 23, 2009 4:54 PM

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

NYSE:

LDK Solar Co., up 55 cents at $8.55

The Chinese maker of solar energy equipment reported a drop in earnings but said rising demand should boost its fourth-quarter revenue.

Deere & Co., up $1.02 at $51.85

A Morgan Stanley analyst upgraded the world's largest farm machinery manufacturer on rising demand and higher corn prices.

Campbell Soup Co., up 48 cents at $34.60

The company said profit rose on lower costs from increased efficiency in getting its products from its plants to store shelves.

Financial Federal Corp., up $6.06 at $26.61

Regional bank operator People's United Financial Inc. agreed to buy Financial Federal for $738 million in a stock and cash deal.

Schlumberger Ltd., up $1.29 at $64.63

An analyst upgraded the stock, citing its attractive international exposure and optimism about the oilfield services' earnings outlook.

NASDAQ:

Zions Bancorp., up $1.57 at $14.12

The bank holding company announced an offer to exchange about $140 million of its preferred stock for common stock.

Peet's Coffee & Tea Inc., down $4.94 at $33.06

The coffee chain retailer raised its offer for the wholesale roaster and distributor Diedrich Coffee Inc. to $265 million.

Ciena Corp., down $1.17 at $12

Nortel Networks Corp. has sold its global optical networking and carrier ethernet businesses to Ciena for $769 in cash and debt.