BofA, Netflix, Campbell Soup are market movers

AP News
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Posted: Sep 02, 2011 4:33 PM
BofA, Netflix, Campbell Soup are market movers

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

NYSE

Bank of America Corp., down 66 cents at $7.25

U.S. bank regulators asked the banking giant to show how it would deal with worsening conditions, said The Wall Street Journal.

Liz Claiborne Inc., up 46 cents at $5.52

The clothing maker is selling its Mexx business to a joint venture led by a private equity firm as part of its plan to reduce its debt.

Campbell Soup Co., down 40 cents at $31.46

The soup and snacks maker's quarterly profit dropped, but adjusted results still topped Wall Street expectations.

H&R Block Inc., down $1.77 at $13.41

A big charge related to the sale of the tax preparer's business consulting unit deepened its first-quarter loss.

Esterline Technologies Corp., down $9.67 at $64.16

The aerospace and defense parts maker said demand for airplane parts is moderating, and its outlook fell short of analyst estimates.

Quiksilver Inc., down 18 cents at $3.94

The surf and skate clothing company's net income grew thanks to rising sales, and a Baird analyst upgraded its shares.

Nasdaq

Netflix Inc., down $20.16 at $213.11

Starz will stop streaming movies and TV shows on Netflix's website, a major blow to the subscription video service.

Finisar Corp., up $1.62 at $20.21

The optical networking equipment maker surprised Wall Street analysts with a better-than-expected first quarter.