Nike, Caterpillar, Cisco, Intuit are big movers

AP News
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Posted: Mar 18, 2011 4:49 PM

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

NYSE

Nike Inc., down $7.82 at $77.59

The athletic shoe and clothing company warned that higher costs will hurt its profitability into 2012, and plans to raise prices.

Lorillard Inc., up $8.33 at $87.11

FDA experts, who advise the regulatory agency, said menthol cigarettes like Lorillard's hurt public health and offer no benefits.

Celera Corp., up $2.13 at $8.40

Medical lab company Quest Diagnostics Inc. is buying the diagnostics company for $671 million, a 28 percent premium to its stock price.

LDK Solar Co., down $1.03 at $11.47

The Chinese solar energy equipment maker had a strong fourth quarter, but a Collins Stewart analyst said its high profit margins won't last.

US Airways Group Inc., up 47 cents at $8.96

Shares of the airline and its major U.S. rivals rose while oil prices retreated. Crude oil is refined into jet fuel for planes.

Caterpillar Inc., up $1.94 at $105.06

Mining and construction equipment sales grew 59 percent last month, and the disruption to its Japanese operations hasn't hit other factories.

NASDAQ

Cisco Systems Inc., up 14 cents at $17.14

The computer networking equipment maker declared a first-ever quarterly dividend of 6 cents per share.

Intuit Inc., up $1.49 at $49.92

The maker of TurboTax tax preparation software said more people were filing returns with its online product compared to last year.