Lumber Liquidators, Red Hat are big market movers

AP News
Posted: Jun 23, 2011 5:03 PM
Lumber Liquidators, Red Hat are big market movers

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


Lumber Liquidators Holdings Inc., up $1.34 at $25.72

A Stifel Nicolaus analyst raised his rating on the hardwood flooring retailer's stock to a "Buy" on possible market share growth.

Bristol-Myers Squibb Co., up $1.59 at $29.33

The drugmaker and Pfizer said they plan to file for a anticlotting drug for marketing approval by the end of the year.

Red Hat Inc., up $1.55 at $45.27

The company, which sells support services for open-source business software, reported better-than-expected first quarter results.

Lennar Corp., up 41 cents at $18.51

Although the homebuilder's net income fell in the second quarter, its earnings still beat Wall Street expectations.

Treehouse Foods Inc., down $4.40 at $54.10

The food maker lowered its 2011 outlook because of rising costs for freight, transportation and packaging.

Winnebago Industries Inc., up 48 cents at $9.17

The recreational vehicle maker said the company's current president will replace its chief executive who is stepping aside.


WD-40 Co., down $1.74 at $39.49

The maker of WD-40 lubricant lowered its 2011 outlook, saying rising commodity prices are hurting profit margins.

Bed Bath & Beyond Inc., up $2.87 at $56.93

The home furnishings retailer said its net income during the first quarter rose 31 percent as sales at its stores increased.