BofA, Sunoco, Harley-Davidson are market movers

AP News
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Posted: Sep 06, 2011 6:21 PM
BofA, Sunoco, Harley-Davidson are market movers

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

NYSE

Temple-Inland Inc., up $6.22 at $30.85

International Paper is buying the packaging and building products maker for $32 per share, or $4.3 billion including debt.

Credit Suisse Group, down $3.54 at $23.84

The Swiss bank's shares sold off alongside other U.S.-traded European banks as investors worried about their capital levels.

Bank of America Corp., down 26 cents at $6.99

The government sued 14 financial firms Friday, including Bank of America, over mortgage-backed securities that turned bad.

Shaw Group Inc., up $1.70 at $23.53

The engineering and construction company is selling its stake in nuclear power company Westinghouse back to Japan's Toshiba.

Sunoco Inc., up $1.92 at $38.03

The oil company plans to sell its unprofitable refining division and focus on its retail and logistics businesses.

Blyth Inc., up $11.73 at $64.80

The company, known for using home parties to market its decorations and household products, boosted its fiscal 2012 profit outlook.

Harley-Davidson Inc., down 85 cents at $35.15

UBS removed the motorcycle maker from its short-term "Buy" rating list citing slower sales.

Nasdaq

Pharmasset Inc., up $6.33 at $70.53

A Citi analyst said that the company hit a "home run" with results from a mid-stage study of a potential hepatitis C virus treatment.