Nokia, Best Buy, J.C. Penney are big movers

AP News
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Posted: Jun 14, 2011 6:15 PM
Nokia, Best Buy, J.C. Penney are big movers

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

NYSE

Nokia Corp., up 15 cents at $6.26

The handset maker, which is struggling to compete in the smartphone market, won a key patent dispute against rival Apple.

Best Buy Co. Inc., up $1.31 at $30.13

Growth in China and strong mobile phone sales pushed the retailer's net income and revenue beyond expectations.

J.C. Penney Co. Inc., up $5.26 at $35.37

An Apple executive who pioneered the tech company's retail stores will become the department store's new CEO in November.

Dollar Thrifty Automotive Group Inc., down $7.44 at $72.43

Avis Budget Group's takeover of Avis Europe means the car rental agency may back away from a bidding war for its rival.

Accretive Health Inc., up $1.81 at $23.91

A Baird analyst upgraded the company's shares, saying it will meet analyst projections, after a recent slide in the stock.

Brown Shoe Co. Inc., up 67 cents at $9.98

Shares of the Famous Footwear shoe store owner rallied a day after VF Corp. announced its acquisition of bootmaker Timberland Co.

Nasdaq

Take-Two Interactive Software Inc., down 42 cents at $15.00

U.S. sales of consoles and video games fell 14 percent in May to the lowest monthly figure since October 2006, said NPD group.

AngioDynamics Inc., down 90 cents at $13.67

The CEO resigned without a replacement, and the medical device maker's quarterly forecast fell short of Wall Street estimates.