Kodak, Supervalu, Netflix are big market movers

AP News
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Posted: Jul 26, 2011 4:55 PM
Kodak, Supervalu, Netflix are big market movers

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

NYSE

Eastman Kodak Co., up 6 cents at $2.39

The photo company's quarterly loss deepened as sales of digital cameras and film slumped. Kodak cut its forecast for the year.

Supervalu Inc., up 59 cents at $9.11

The grocery store chain's first-quarter net income rose 10 percent as demand for groceries improved and the company cut costs.

AK Steel Holding Corp., down $2.71 at $12.81

The steel maker's quarterly profit rose. But it expects shipments to decline and raw material costs to rise in the current quarter.

Cummins Inc., up $4.16 at $110.82

The engine maker's net income more than doubled on a steep increase in sales and the sale of its exhaust business.

Nasdaq

Netflix Inc., down $14.62 at $266.91

The online video and DVD-by-mail company said new subscription prices would discourage some potential new customers.

S1 Corp., up $2.13 at $9.26

Electronic payments software maker ACI Worldwide offered to buy the financial services software company for $540 million.

Broadcom Corp., up $3.29 at $38.20

The chipmaker posted second-quarter earnings that exceeded estimates and provided a rosy forecast for the current quarter.

Baidu Inc., up $7.82 at $164.36

Traffic growth and customers' ad spending drove quarterly profit up 95 percent for China's dominant search engine.