Coca-Cola, Apple, Crocs are market movers

AP News
Posted: Apr 17, 2012 4:53 PM
Coca-Cola, Apple, Crocs are market movers

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


Coca-Cola Co., up $1.51 at $73.95

The drinks maker said that its net income rose 8 percent in the first quarter as it sold more of its products around the world.

Comerica Inc., up $1.09 at $31.95

The regional bank's first-quarter profit rose 27 percent, as improving credit conditions cut loan losses and lending increased.


Apple Inc., up $29.57 at $609.7

After a 5-day losing streak, the iPad maker's stock rose after several analysts told investors to buy the stock because of the drop.

First Solar Inc., up $2.14 at $22.96

The solar panel maker said it is laying off 2,000 workers and closing its plant in Frankfurt, Germany, due to falling demand.

Crocs Inc., up $1.05 at $22.04

A Sterne Agee analyst reiterated his "Buy" rating on the footwear company saying that first-quarter earnings may be strong.

Capstone Turbine Corp., up 8 cents at $1.02

The company received 30 more orders for its microturbine energy systems. Capstone said it sold 150 units in the past nine months.

KIT Digital Inc., up 47 cents at $7.61

The Prague-based video technology company said that its non-executive chairman, Kaleil Tuzman, has resigned from the company.

Sirius XM Radio Inc., up 7 cents at $2.24

A judge dismissed a $300 million lawsuit by radio personality Howard Stern who wanted a huge bonus from his employer because its subscribers rose.