Hhgregg, News Corp., Ruth's are big market movers

AP News
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Posted: Jul 11, 2011 6:00 PM
Hhgregg, News Corp., Ruth's are big market movers

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

NYSE

Arch Chemicals Inc., up $5.20 at $47.37

Swiss drugmaker Lonza will buy the Norwalk, Conn.,-based maker of antibacterial products for $1.2 billion.

Navigant Consulting Inc., up 57 cents at $11.08

A Baird analyst raised the business services firm to "Outperform," saying it will get a boost from increasing corporate litigation.

Hhgregg Inc., down 53 cents at $13.07

A William Blair analyst said the regional electronics retailer could lose market share to online stores like Amazon.com.

Nasdaq

News Corp., down $1.27 at $15.48

The British government referred the media company's bid for British Sky Broadcasting for further review, delaying the decision.

Sirius XM Radio Inc., down 1 cent at $2.21

The satellite radio company is being added to an index that is made up of the 100 largest non-financial stocks on the Nasdaq.

Ruth's Hospitality Group Inc., up 2 cents at $6.42

A weekend article in Barron's predicted that the steakhouse chain's stock could rise as business spending recovers.

Microsemi Corp., up 36 cents at $21.23

An Oppenheimer analyst upgraded the chip maker to "Outperform" and set a $28 price target on the stock.

Gulfport Energy Corp., down $2.14 at $29.50

The oil and natural gas producer is selling 3 million common shares to repay debt and for acquisitions.