Avis, Jakks, Hartford Financial are market movers

AP News
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Posted: Sep 14, 2011 4:50 PM
Avis, Jakks, Hartford Financial are market movers

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

NYSE

Avis Budget Group Inc., up 74 cents at $12.48

The car rental company said it is no longer interested in buying its rival Dollar Thrifty Automotive Group.

Hartford Financial Services Group Inc., up 83 cents at $18.18

A Sterne Agee analyst upgraded the insurance provider's stock to "Buy" saying the stock is "extremely attractive" in the long-term.

Solutia Inc., down 54 cents at $15.54

The specialty chemicals maker lowered its adjusted earnings expectations for the full year because of slower-than-expected demand.

El Paso Electric Co., down $1.91 at $31.41

A Jefferies analyst downgraded the utility company's stock after a city council voted to try to force it to lower its rates.

Ralcorp Holdings Inc., down $6.03 at $79.11

ConAgra Foods threatened to withdraw its offer to buy the cereal maker if it doesn't engage in dialogue about the purchase.

Oshkosh Corp., up $1.37 at $19.54

The vehicle maker unveiled a new combat military vehicle that's fuel efficient and lets troops navigate through rugged territory.

Nasdaq

Jakks Pacific Inc., up $3.57 at $19.57

Investment management firm Oaktree Capital Management proposed to take the toy maker private for about $544 million in cash.

Majesco Entertainment Co., down 34 cents at $2.32

Shares of the video game publisher, known for its Zumba Fitness game, slid even though it posted earnings that beat expectations.