Nike, Netflix, Google are big market movers

AP News
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Posted: Nov 28, 2011 5:04 PM
Nike, Netflix, Google are big market movers

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

NYSE

Commercial Metals Co., up $2.72 at $14.17

Billionaire investor Carl Icahn said that he wants to buy the steel and metal products manufacturer for about $1.73 billion.

Anadarko Petroleum Corp., up $3.93 at $75.77

The oil and gas company said that a natural gas field discovered off the coast of Mozambique is the largest it has ever found.

Nike Inc., up $4.63 at $94.91

A Sterne Agee analyst said that there was strong demand for the athletic shoemaker's new Air Jordan Retro 3, which sells for $160.

General Motors Co., up 40 cents at $20.74

The automaker has offered free loaner cars to Chevrolet Volt owners that are worried about the vehicle's battery catching fire.

Molycorp Inc., up $3.67 at $30.65

The rare earth producer announced a joint venture with Daido Steel and Mitsubishi to make magnets used in home appliance motors.

Genworth Financial Inc., up 68 cents at $6.07

A Citi Investment Research analyst upgraded shares of the insurer to "Buy," saying that bankruptcy is "not a realistic threat."

Nasdaq

Netflix Inc., up $6.09 at $69.95

Barron's magazine quoted hedge fund manager Whitney Tilson saying shares of the movie rental website could double in a few months.

Google Inc., up $25.19 at $588.19

A Citi Investment Research analyst upgraded the search giant, citing a recent stock price drop and consistent revenue growth.