KB Home, Callaway Golf, EBay are big market movers

AP News
Posted: Jun 30, 2011 4:47 PM
KB Home, Callaway Golf, EBay are big market movers

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


Callaway Golf Co., down 11 cents at $6.22

The golf products maker shook up its leadership, announced job cuts and said that it expects a weak second quarter.

CF Industries Holdings Inc., down $7.68 at $141.67

U.S. farmers planted more corn in spring, which may bring down prices, weighing on farmers' income and demand for fertilizer.

Worthington Industries Inc., up $2.07 at $23.10

The metals manufacturer raised its quarterly dividend by 20 percent to 12 cents and said it would buy back up to 10 million shares.

McCormick & Co. Inc., down $1.43 at $49.57

The spice and seasonings maker lowered its 2011 earnings guidance due to costs related to an acquisition and joint venture.

KB Home, down 30 cents at $9.78

The homebuilder's stock fell for a second day after its second-quarter loss more than doubled due to charges and lackluster sales.


EBay Inc., up $1.41 at $32.27

Analysts said the Federal Reserve's new rule capping debit card fees paid by merchants shouldn't hurt its Paypal division.

First Solar Inc., up $2.85 at $132.27

The Department of Energy approved nearly $4.5 billion in conditional loan guarantees for three of the company's big projects.

Hanmi Financial Corp., up 16 cents at $1.07

The bank canceled its stock sale, saying the price offered for shares was "unfavorable" and would wait for better market conditions.