AMR, KB Home, Ticketmaster are big movers

AP News
Posted: Dec 22, 2009 5:03 PM

The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:


AMR Corp., up 50 cents at $8.14

A UBS analyst said airline passenger revenue could rise even if travel demand trends don't get better and raised price targets on airlines.

KB Home, up 89 cents at $13.80

A realtors' trade association said home resales rose to the highest level in nearly three years in November.

Jabil Circuit Inc., up $2.16 at $17.18

The electronic parts maker forecast higher-than-expected earnings for its fiscal second quarter, and analysts raised estimates.

Steak n Shake Co., up $32.25 at $325.25

The burger chain launched a bid to buy the outstanding shares of Fremont Michigan InsuraCorp Inc. it does not already own.


Ticketmaster Entertainment Inc., up 85 cents at $12.61

Shares of the ticketing giant rose after Britain's antitrust body reversed a previous ruling and approved its merger with Live Nation Inc.

Stec Inc., up 73 cents at $14.68

A Broadpoint AmTech analyst initiated coverage on the data storage device maker with a "Buy" rating.

Take-Two Interactive Software, up 7 cents at $9.50

The video games maker sold its Jack of All Games business unit for $43.3 million, which it said would lead to a wider loss in 2010.

Amkor Technology Inc., up 81 cents at $7.32

The company raised its guidance, citing higher higher-than-expected demand for its semiconductor assembly and testing services.