Kodak, Lorillard, Dell are big market movers

AP News
|
Posted: Aug 17, 2011 4:43 PM
Kodak, Lorillard, Dell are big market movers

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

NYSE

Eastman Kodak Co., up 55 cents at $2.69

The New York Times suggested that the company might be a target for licensing deals or acquisitions because of its trove of patents.

Chico's FAS Inc., down 31 cents at $12.30

A warning from teen retailer Abercombie & Fitch that cost pressures will continue in the second half of the year hurt Chico's shares.

Lorillard Inc., up $3.22 at $108.38

The tobacco company sued the FDA, saying new, graphic warning labels required on cigarette packs violated their First Amendment rights.

Flowers Foods Inc., down $2.03 at $19.28

Rising costs for packaging and ingredients hurt the bakery company's quarterly results, and it cut its profit outlook for the year.

Barnes & Noble Inc., down $1.53 at $12.99

John Malone's Liberty Media is now considering not buying the bookstore chain, says an unnamed person in a Reuters report.

Nasdaq

Dell Inc., down $1.60 at $14.20

The PC maker cut its revenue forecast for the year amid worries about how the weak economy is affecting demand for new computers.

Blue Coat Systems Inc., down $4.37 at $13.31

The provider of network security products warned that its second-quarter results would fall short of Wall Street predictions.

First Solar Inc., down $5 at $99.46

Goldman Sachs cut its price target on the solar company's shares by 14 percent to $150 and took it off its "Conviction Buy" list.