Wells Fargo, Coca-Cola, BofA are big market movers

AP News
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Posted: Jul 19, 2011 4:51 PM
Wells Fargo, Coca-Cola, BofA are big market movers

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

NYSE

Wells Fargo & Co., up $1.53 at $28.41 Quarterly profit rose 30 percent. The number of uncollected loans and credit card bills dropped sharply.

Coca-Cola Co., up $2.20 at $69.32

The beverages maker sold more drinks around the world and offset higher ingredients costs by raising some prices.

Bank of America Corp., down 15 cents at $9.57

The country's largest bank reported a quarterly loss of $9.1 billion, partly due to a $8.5 billion mortgage bond settlement.

Harley-Davidson Inc., up $3.70 at $45.11

The motorcycle maker said its quarterly sales rose for the first time since 2006, and it raised its shipment forecast for 2011.

Eastman Kodak Co., down 21 cents at $2.31

A trade panel ruled for the photo company against Apple in a patent dispute, but investors still worry about the company's future.

State Street Corp., down 93 cents at $42.02

Earnings grew with higher fee revenue from the bank's investment services. But expenses soared, and it will cut 850 IT jobs.

PetroQuest Energy Inc., up $1.17 at $8.32

Raymond James upgraded the energy company after it noted better results in its Woodford shale and an improved balance sheet.

Nasdaq

Lincare Holdings Inc., down $2.20 at $26.29

The home health care services provider's quarterly profit fell short of expectations because of higher expenses.