MetLife, Discover Financial are big movers

AP News
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Posted: Dec 07, 2009 5:39 PM

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:

New York Community Bancorp, up $1.07 at $13.40

New York Community acquired failed Ohio bank AmTrust Bank from the Federal Deposit Insurance Corp. over the weekend.

Terra Industries Inc., up $2.22 at $41.27

CF Industries Holdings Inc. sweetened its hostile takeover offer for the rival fertilizer maker, boosting the cash portion of its bid.

Continental Airlines Inc., down 84 cents at $15.90

The airline is planning a $200 million offering of convertible senior notes due 2015 for general corporate purposes.

Discover Financial Services, up 23 cents at $15.41

An analyst upgraded the credit-card lender and said loan-loss levels will be smaller than previously expected.

McDermott International Inc., up $2.20 at $22.86

The construction and engineering company plans separate into two companies, with existing shareholders owning 100 percent of both.

MetLife Inc., up 35 cents at $35.68

The life insurer projected fourth-quarter and 2010 operating earnings mostly above analyst estimates.

Cummins Inc., up $1.38 at $45.08

An analyst added the diesel engine maker to a list of favorite stocks, saying its poised to benefit from demand in emerging economies.

NASDAQ:

ATS Medical Inc., up 13 cents at $3.03

The company announced that it received approval to distribute its sutureless aortic heart valve in the European Union.