Energizer, Tyco, Tasty Baking are big movers

AP News
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Posted: Apr 11, 2011 6:12 PM
Energizer, Tyco, Tasty Baking are big movers

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

NYSE

Community Health Systems Inc., down $14.41 at $25.89

The hospital operator is being sued by Tenet Healthcare Corp. for allegedly bilking Medicare.

Energizer Holdings Inc., down $1.67 at $70.19

The battery maker was downgraded to "Neutral" from "Buy" by UBS Investment Bank which sees margins being squeezed.

Tenet Healthcare Corp., down $1.11 at $6.44

The hospital operator is in a legal fight Community Health Systems Inc. which is pursuing a takeover bid of Tenet.

Tyco International Ltd., up $1.57 at $48.72

Bloomberg reported that France's Schneider Electric is eyeing a takeover bid of the industrial conglomerate.

NASDAQ

Biogen Idec Inc., up $5.26 at $78.55

A clinical trial showed that the biotechnology company's multiple sclerosis drug candidate showed promising results.

Global Crossing Ltd., up $10.17 at $24.97

Level 3 Communications Inc. said it will buy the telecommunications company in a deal valued at about $2 billion.

Novellus Systems Inc., down 81 cents at $34.06

RBC Capital downgraded the company on the anticipation of a couple of "choppy" quarters for the entire computer chip sector.

Tasty Baking Co., up $2.36 at $3.97

The maker of Tastykakes and other packaged sweets is being bought by food company Flowers Foods Inc. for $34.4 million.