Merck, Monster, Vivus make big market moves

AP News
Posted: Oct 29, 2010 5:50 PM
Merck, Monster, Vivus make big market moves

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


Merck & Co., down 63 cents at $36.31

Quarterly profit plunged because of legal costs related to a government probe and charges for acquiring Schering-Plough.

Monster Worldwide Inc., up $3.67 at $18.06

The jobs website operator posted a quarterly loss, but its forecast for the year topped analyst expectations.

Eastman Kodak Co., up 12 cents at $4.70

Quarterly results beat Wall Street estimates because of strong inkjet printer sales a licensing deal with a digital camera company.

Pilgrim's Pride Corp., up 39 cents at $6.10

Fresh out of Chapter 11 bankruptcy protection, the chicken processer provided an upbeat outlook for poultry sales in 2011.

Halliburton Co., up 18 cents at $31.86

Trading volume was heavy after the oil services company acknowledged that it skipped a critical test of the cement used on BP's failed well.


Vivus Inc., up $1.62 at $7.75

The FDA said expensive new clinical trials may not be required for approval of the company's weight-loss drug Qnexa.

Maxim Integrated Products Inc., up $2 at $21.66

The company, which makes chips for increasingly popular smartphones and tablet PCs, posted record revenue in its most recent quarter.

Deckers Outdoor Corp., up $4.11 at $58.10

The maker of UGG boots and Teva sandals reported third-quarter results that beat analyst expectations.