Chevron, Newell Rubbermaid, Solutia are big movers

AP News
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Posted: Jan 27, 2012 4:31 PM
Chevron, Newell Rubbermaid, Solutia are big movers

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

NYSE

Chevron Corp., down $2.63 at $103.96

The oil company's fourth-quarter profit slipped 3.2 percent as its refineries struggled with the higher cost of crude oil.

Newell Rubbermaid Inc., up $1.39 at $18.82

The consumer products maker said that fourth-quarter net income rose 6 percent thanks to better results in emerging markets.

Legg Mason Inc., down $1.30 at $26.02

The investment firm said that its third-quarter earnings fell by about half as its clients withdrew more cash than they deposited.

Timken Co., up $1.37 at $49.04

The industrial parts supplier said that its fourth-quarter profit grew about 21 percent thanks to stronger demand for its products.

Solutia Inc., up $8.01 at $27.52

Chemical company Eastman Chemical Co. said it is buying the maker of materials and specialty chemicals for about $3.38 billion.

Nasdaq

Riverbed Technology Inc., down $5.47 at $24.45

The provider of virtualization and cloud computing services warned of a first-quarter dip in the growth of one its product lines.

Cepheid, up $8.79 at $43.14

The diagnostics company posted a fourth-quarter loss, but the company's results and outlook were stronger than analysts expected.

Wendy's Co., down 5 cents at $5.21

UBS downgraded the fast food chain to "Neutral" from "Buy" saying that its new W burger might hurt sales of its other burgers.