Hewlett-Packard, Chevron, Ford are big movers

AP News
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Posted: Feb 23, 2011 5:10 PM
Hewlett-Packard, Chevron, Ford are big movers

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

NYSE

Hewlett-Packard Co., down $4.64 at $43.59

The computer company's revenue outlook fell short of analyst expectations despite a string of acquisitions intended to fuel sales growth.

Chevron Corp., up $1.95 at $102.27

The oil and gas company was one of the energy sector's biggest gainers as spreading violence in Libya drove crude prices to two-year highs.

Ford Motor Co., down 37 cents at $14.86

The Supreme Court ruled that a lawsuit against another automaker over seat belts could proceed, and the company recalled almost 150,000 pickup trucks.

Frontier Communications Corp., down 68 cents at $8.52

The landline phone company reported fourth-quarter earnings that fell short of Wall Street analysts' estimates.

Duncan Energy Partners LP, up $7.84 at $40.40

Enterprise Products Partners L.P. is buying the pipeline company in an all-stock deal that values Duncan at $2.4 billion.

Washington Post Co., down $25.83 at $414.55

Revenue dropped at the company's Kaplan education unit, its primary growth driver, as student enrollments declined.

NASDAQ

Vertex Pharmaceuticals Inc., up $5.75 at $43.97

The company said its potential cystic fibrosis drug improved lung function in a key late-stage study.

DirecTV Group Inc., up 80 cents at $45.03

The country's largest satellite TV operator attracted more new subscribers in the fourth quarter than it has in any quarter in a decade.