Kellogg, Deere, Comcast are market movers

AP News
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Posted: Feb 15, 2012 4:59 PM
Kellogg, Deere, Comcast are market movers

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

NYSE

Deere & Co., down $4.77 at $84.28

The agricultural equipment maker's quarterly net income rose by 4 percent, but its sales growth missed the company's expectations.

Harry Winston Diamond Corp., up $1.09 at $13.02

Citi initiated coverage of the diamond company with a "Buy" rating, citing sales growth of its watches and bridal jewelry.

Wellcare Health Plans Inc., up $5.78 at $68.74

The Medicaid and Medicare coverage provider's fourth-quarter earnings more than tripled thanks to strong enrollment gains.

Kellogg Co., up $2.57 at $52.87

The maker of Special K cereal and Cheez-It crackers is buying the Pringles chip brand from Procter & Gamble for $2.7 billion.

Abercrombie & Fitch Co., up $3.71 at $48.30

The teen retailer's fourth-quarter earnings fell as it dealt with higher production costs and was forced to slash its prices. Sales rose 16 percent.

Dr Pepper Snapple Group Inc., up 79 cents at $39.90

The beverage company's fourth-quarter net income rose 48 percent on higher prices and strong sales of its new brand Dr Pepper TEN.

Capital One Financial Corp., up $1.20 at $49.18

The company won approval to acquire online bank ING Direct for $9 billion, which will make it the nation's fifth-largest bank.

Nasdaq

Comcast Corp., up $1.27 at $28.52

The cable company said it lost 17,000 TV customers in the fourth quarter, the smallest number of defections in five years.