Tyson Foods, Citigroup, McDonald's are big movers

AP News
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Posted: May 09, 2011 4:54 PM
Tyson Foods, Citigroup, McDonald's are big movers

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

NYSE

Tyson Foods Inc., down $1.14 at $17.75

The meat processor's quarterly profit was flat as higher feed costs offset improving demand and higher meat prices.

Sysco Corp., up $3.06 at $31.57

The nation's largest restaurant food distributor's quarterly profit rose 4 percent, beating expectations of Wall Street analysts.

Citigroup Inc., up $39.64 at $44.16

The bank's reverse stock split went into effect, raising share prices by 10 times, but the stock fell throughout the day.

Dollar Thrifty Automotive Group Inc., up $9.58 at $79.27

Hertz raised its bid for the car rental agency, topping rival Avis Budget's offer, in the year-long fight for Dollar Thrifty.

McDonald's Corp., up 61 cents at $79.31

Sales of shakes, coffee drinks and breakfast food helped a key revenue measure at the hambuger chain rise 6 percent in April.

NASDAQ

Nuance Communications Inc., up $1.67 at $21.76

A TechCrunch report fanned market rumors that Apple was interested in a partnership with the voice recognition technology maker.

Staples Inc., down 63 cents at $20.26

A Nomura analyst said the entire office supply sector faces pressure. He downgraded and cut his price target on its shares.

PetMed Express Inc., down $1.58 at $13.14

The operator of the 1-800-PetMeds online pet pharmacy said quarterly profit dropped after it cut prices and spent more on ads.