Motorola Mobility, Sysco are big market movers

AP News
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Posted: Aug 15, 2011 4:19 PM
Motorola Mobility, Sysco are big market movers

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

NYSE

Motorola Mobility Holdings Inc., up $13.65 at $38.12

Google Inc. is buying the cell phone maker for $12.5 billion, or $40 per share. That's a 63 percent premium to Motorola's stock price.

Nokia Corp., up 93 cents at $6.29

The handset maker got a boost after Google bought rival Motorola Mobility Holdings for $12.5 billion.

Bank of America Corp., up 57 cents at $7.76

The banking giant helped lead a rally in financial stocks after saying it plans to sell Canadian and U.K. credit card businesses.

Estee Lauder Cos., down $6.70 at $94.15

The makeup maker forecast earnings for the year that fell short of investor expectations as it ramps up ad and technology spending.

Sysco Corp., down $1.15 at $28.11

Rising costs for food and discounts for customers hurt the food distributor's gross profit margin in its most recent quarter.

Nasdaq

Zagg Inc., up 94 cents at $15.67

The cell phone and tablet accessories company's quarterly net income increased 42 percent due to strong sales.

Cathay General Bancorp, up $1.15 at $12.57

An RBC Capital Markets analyst upgraded the bank holding company, saying its profitability has improved and its loan book is growing.

InterDigital Inc., down $10.76 at $64.96

Investors had speculated that Google might be interested in buying the company for its thousands of patents on wireless technology.