Walgreen, Netflix, Cummins are big market movers

AP News
Posted: Jul 13, 2011 4:59 PM
Walgreen, Netflix, Cummins are big market movers

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


Kinetic Concepts Inc., up $3.74 at $68.23

Following a week of buyout speculation, private investors are acquiring the wound care maker for $4.98 billion.

Capital One Financial Corp., down $1.37 at 50.87

The credit card and banking company's quarterly profit rose 50 percent, and it announced a $2 billion stock offering.

Investment Technology Group Inc., down $1.91 at $11.78

The financial trading services provider expects a second-quarter loss because of weak trading volumes, and plans to cut jobs.

Walgreen Co., up 24 cents at $42.79

The drugstore operator raised its dividend, by nearly 29 percent, to 22.5 cents amd set a new $2 billion stock buyback program.

Cummins Inc., up $2.39 at $105.71

The diesel engine maker said its current CFO will replace its long-term CEO when he steps down at the end of the year.


Netflix Inc., up $7.46 at $298.73

The streaming video and DVD-by-mail company separated its Web and mail subscription plans, raising prices by up to 60 percent.

Tuesday Morning Corp., down 36 cents at $4.18

The retailer said a key revenue measure fell 4.5 percent in the fourth quarter, and it cut its guidance for the year.

Electronic Arts Inc., down 26 cents at $23.91

The videogame maker will buy PopCap Games for at least $750 million. PopCap makes games played on cell phones and social networks.