Amazon, AK Steel, Hertz are big movers

AP News
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Posted: Mar 29, 2011 4:59 PM
Amazon, AK Steel, Hertz are big movers

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

NYSE

Lennar Corp., down 68 cents at $19.07

The homebuilder posted a surprise first-quarter profit but it delivered fewer homes and reported a decline in new home orders.

Quest Diagnostics Inc., up $2.21 at $56.96

Credit Suisse said that potential volume increases and low expectations bodes well for the medical laboratory operator's stock.

AK Steel Holding Corp., up 81 cents at $16.42

Hedge fund titan Steven A. Cohen disclosed that he had a 4.8-percent stake in the steel producer.

Hertz Global Holdings Inc., down 87 cents at $15.40

The car rental company said that its three largest shareholders are selling 50 million shares to Goldman Sachs & Co.

Phillips-Van Heusen Corp., up $5.03 at $65.20

The clothing company said it had a strong fourth-quarter that got a boost from its $3 billion acquisition of Tommy Hilfiger.

Nasdaq

Apollo Group Inc., down $1.80 at $40.55

The for-profit educator posted a second-quarter loss and said new enrollments dropped by 45 percent.

GSI Commerce Inc., down 4 cents at $29.16

Wedbush downgraded the digital e-commerce company saying that more suitors are unlikely after eBay Inc. said it would acquire it.

Amazon.com Inc., up $5.27 at $174.62

The online retailer launched a cloud service that will let customers upload and store music, photos and videos.