Wells Fargo, Delta, Amylin big market movers

AP News
Posted: Oct 20, 2010 4:58 PM
Wells Fargo, Delta, Amylin big market movers

Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:


Wells Fargo & Co., up $1.05 at $25.60

The bank's quarterly profit increased because losses from failed loans continued to decline, and it made more loans to businesses and consumers.

Boston Scientific Corp., up 33 cents at $6.30

The medical device maker returned to a profit in the third quarter thanks to lower restructuring costs, even as revenue declined.

Delta Air Lines Inc., up $1.27 at $12.97

The airline posted a profit in the third quarter and expects to repeat that in the last three months of the year.

Marshall & Ilsley Corp., down 71 cents at $6.24 The financial services company trimmed its quarterly loss, but results fell short of Wall Street expectations.

Rare Element Resources Ltd., up $1.24 at $12.74

The North American rare earths producer got a boost after reports that China will cut exports of the exotic metals used in high-tech goods.

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Amylin Pharmaceuticals Inc., down $9.46 at $11.03

The FDA declined to approve the company's diabetes drug candidate Bydureon because of concern about side effects, a major setback for the drug developer.

Yahoo Inc., up 31 cents at $15.80 Shares moved higher after the Internet company's third-quarter results, even though revenue growth was less than 2 percent.

Cree Inc., down $2.92 at $50.08

The LED lighting maker's revenue increased 59 percent in its July-August quarter, but growth fell short of Wall Street and company forecasts.