NYSE Euronext, JC Penney, Lowe's are big movers

AP News
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Posted: May 16, 2011 5:05 PM
NYSE Euronext, JC Penney, Lowe's are big movers

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

NYSE

NYSE Euronext Inc., down $5.16 at $35.73

Nasdaq and IntercontinentalExchange withdrew their $11 billion bid for the parent of the New York Stock Exchange.

J.C. Penney Co., down $1.23 at $37.21

Net income rose nearly 7 percent at the department store chain thanks to cost-cutting and demand for its exclusive merchandise.

Lowe's Cos., down 92 cents at $24.84

The home improvement retailer posted earnings that missed expectations due to bad weather and poor economic conditions.

Rowan Cos., down 8 cents at $37.96

Mining company Joy Global said it will pay Rowan Companies $1.1 billion in cash for its mining drilling equipment maker LeTourneau.

Ford Motor Co., up 5 cents at $15.13

A Citi analyst upgraded the automaker's shares to "Buy," saying the company is able to charge higher prices for its vehicles.

Cliffs Natural Resources Inc., up $1.58 at $85.95

A Citi analyst reiterated his "Buy" rating on the mining company's stock saying that earnings are "poised to accelerate in 2012."

NASDAQ

Orthovita Inc., up $1.10 at $3.83

The orthopedic implant and surgical products maker is being bought by rival Stryker Corp. for about $304 million in cash.

Benihana Inc., down $1.02 at $9.08

The Japanese restaurant chain said it is no longer considering putting itself up for sale.