Procter & Gamble, Jabil, Tesla Wednesday movers

AP News
Posted: Jun 20, 2012 4:42 PM
Procter & Gamble, Jabil, Tesla Wednesday movers

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:


Procter & Gamble Co., down $1.82 at $60.39

The consumer products maker lowered its fourth-quarter earnings and revenue forecasts citing slower global economic growth.

Jabil Circuit Inc., up $1.33 at $20.75

Despite recent struggles, the electronic parts maker reported third-quarter results that matched Wall Street expectations.

Actuant Corp., down 94 cents at $26.51

The industrial products maker said that its third-quarter profit slipped 6 percent, because of weakness in Europe and China.


Adobe Systems Inc., down 90 cents at $31.99

The software company that makes Photoshop said its fiscal second-quarter net income fell 2 percent due to higher costs.

Tesla Motors Inc., up $1.69 at $33.78

A Goldman Sachs analyst raised his price target for the electric vehicle maker as its new sedans are set to be delivered this week.

AspenBio Pharma Inc., down $1.14 at $1.98

The biomedical company said that it would sell 6.1 million of its shares at $2 each, 36 percent below its last closing price.

Idenix Pharmaceuticals Inc., up $1.34 at $10.71

The hepatitis C drug developer reported encouraging results from a mid-stage study of a potential treatment for the virus.

Acme Packet Inc., down 71 cents at $21.20

A Jefferies analyst downgraded the phone and equipment maker's stock to "Hold" and cut its price target to $21 from $40.