Moody's, Research in Motion, Zoran are big movers

AP News
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Posted: Jun 17, 2011 4:38 PM
Moody's, Research in Motion, Zoran are big movers

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

NYSE

BJ's Wholesale Club Inc., down 36 cents at $47.50

Private equity firms Leonard Green & Partners and CVC Capital Partners made a joint bid for the warehouse club chain.

Lender Processing Services Inc., down $2.95 at $20.42 The mortgage services company slashed its profit outlook citing fewer loan defaults and higher regulatory and legal expenses.

Graham Packaging Co. Inc., down 53 cents at $25.20

Reynolds Group is buying the container maker for about $1.68 billion after rival bidder Silgan failed to deliver a better offer.

Moody's Corp., down $1.92 at $36.35

The Wall Street Journal reported that the SEC may file civil fraud charges related to mortgage deals against credit rating agencies.

Flowserve Corp., up $4.60 at $105.69

A Credit Suisse analyst said worries about project delays for the pump, valve and seal makerany are overblown.

Nasdaq

Research in Motion Ltd., down $7.58 at $27.75

The BlackBerry maker gave a surprisingly weak forecast for the year as it struggles to compete with Apple and Android phones.

Central Garden & Pet Co., up 99 cents at $10.25

The pet supplies and lawn and garden products supplier announced a new $100 million stock buyback program.

Zoran Corp., up $1.09 at $8.29

British chip maker CSR will buy the chip maker for $484 million, lifting shares even though CSR paid less than it bid in February.