CommScope, Office Depot, Savient big market movers

AP News
Posted: Oct 25, 2010 4:38 PM
CommScope, Office Depot, Savient big market movers

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


CommScope Inc., up $7.04 at $30.16

Private equity firm Carlyle Group is in talks to buy the network infrastructure company in a deal valued at about $2.98 billion.

Office Depot Inc., up 16 cents at $4.79

The office supply chain's CEO is resigning after last week agreeing to pay civil penalties as part of the company's SEC settlement.

Eastman Chemical Co., up $3.99 at $82.59

The company is selling assets from a money-losing plastics division for about $600 million to a subsidiary of Mexican conglomerate Alfa.

RadioShack Corp., down $2.06 at $20.74

The electronics retailer's quarterly profit rose as smart phone sales jumped, but its gross margin, a measure of profitability, tumbled.

Nu Skin Enterprises Inc., down $1.12 at $30.48

An analyst lowered his rating on the skin care and nutritional supplements seller, saying it faces tough sales comparisons.

Kenneth Cole Productions Inc., down 53 cents at $14.26

A New York Times report said the shoe and clothing maker's deal talks with licensing company Iconix Brand Group Inc. had broken down.

Lorillard Inc., up $1.09 at $85.14

Shares set a 52-week high after the cigarette maker said it sold more cigarettes at higher prices, driving up profit and revenue.


Savient Pharmaceuticals Inc., down $9.63 at $12.07 The drug maker said it failed to find a buyer for itself after FDA approval of its gout drug and will continue to evaluate strategic alternatives.