Sprint Nextel, Talbots, AK Steel are big movers

AP News
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Posted: Dec 09, 2009 4:59 PM

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:

Sprint Nextel Corp., up 22 cents at $4.13

An analyst upgraded the company and said its combination with T-Mobile USA in the next 12 months is more likely than not.

Cooper Cos., up $2.62 at $36.54

The contact lens and eye care product maker posted strong fourth quarter results and gave a view of the new fiscal year.

Talbots Inc., up 24 cents at $8.47

The women's clothing chain plans a complex refinancing deal to buy out its majority shareholder and lower debt by about $330 million.

AK Steel Holding Corp., up $1.20 at $20.49

The manufacturer announced some product price increases, citing stronger demand and a need to recoup higher costs of some materials.

PepsiCo Inc., down $1.68 at $61.80

The drink company trimmed its fiscal 2009 outlook because it is spending more to invest in developing markets such as China.

DeVry Inc., up $3.04 at $57.23

An analyst raised his estimates for the for-profit education provider a day after it reported better-than-expected fall enrollment.

Pfizer Inc., up 48 cents at $18.24

An analyst said the drugmaker is likely to raise its dividend up to 20 percent this month, less than a year after slashing its payout.

NASDAQ:

RealNetworks Inc., up 54 cents at $3.99

Investors learned that the digital entertainment company will not have to pay damages to VeriSign Inc.