Southwest, Alcoa, MagicJack are market movers

AP News
Posted: Jul 10, 2012 4:44 PM
Southwest, Alcoa, MagicJack are market movers

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


Southwest Airlines Co., up 39 cents at $9.63

Citing lower fuel prices and better cost performance, a Sterne Agee analyst upgraded the carrier's stock to a "Buy" rating.

Alcoa Inc., down 36 cents at $8.40

The aluminum maker said that it slid to a second-quarter loss because of hefty charges and weak aluminum prices.

Wolverine World Wide Inc., up $2.64 at $40.97

The maker of Hush Puppies shoes said that its second-quarter profit fell, but it reaffirmed its earnings outlook for the year.

Shaw Group Inc., down $2.61 at $25.78

The technology and engineering firm said that fiscal third-quarter losses narrowed because it took a special impairment charge.


MagicJack VocalTec Ltd., up $1.73 at $20.44

The company, which makes devices that route low-cost phone calls over the Internet, raised its earnings outlook for the full year.

Coldwater Creek Inc., up 28 cents at 80 cents

The struggling clothing company announced that it was getting a $65 million loan from private equity firm Golden Gate Capital.

Helen of Troy Ltd., down $4.59 at $29.44

The personal care product maker said that is fiscal first-quarter profit fell due to unfavorable exchange rates and higher costs.

Chelsea Therapeutics International Ltd., down 13 cents at $1.11

The drug developer said that its chief executive officer resigned. It also said it plans to reorganize the company and cut jobs.