Lions Gate, Tesla, A123 are market movers

AP News
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Posted: Mar 26, 2012 4:47 PM
Lions Gate, Tesla, A123 are market movers

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

NYSE

Lions Gate Entertainment Corp., up 65 cents at $15.18

"The Hunger Games" film earned $155 million in its opening weekend for the company, the third-best debut ever in terms of revenue.

Las Vegas Sands Corp., up $1.30 at $58.83

Stifel Nicolaus raised its target price on the casino operator to $69 from $63 ahead of the opening of its new casino in China.

Walter Energy Inc., down $1.03 at $61.69

The Birmingham, Ala.-based coal producer said that flat sales volumes and weak prices will hurt its first-quarter results.

Nasdaq

Cal-Maine Foods Inc., down $2.54 at $39.41

The egg seller and distributor said that its fiscal third-quarter profit tumbled 22 percent, weighed down by rising feed costs.

Select Comfort Corp., up $1.06 at $33.19

A KeyBanc analyst kept his "Buy" rating on the mattress maker, adding that shipments across the industry rose in February.

BJ's Restaurants Inc., up $3.15 at $50.39

A Wedbush analyst upgraded his share rating on the casual restaurant operator saying that sales may be higher than expected.

A123 Systems Inc., down 21 cents at $1.49

The electric car battery maker said it may spend about $55 million to replace battery modules and packs that might be defective.

Tesla Motors Inc., up $3.32 at $37.40

Wunderlich upgraded the electric car maker to a "Buy" rating, saying that production of its Model S may be ahead of schedule.