Dean Foods, Imax, Leap are market movers

AP News
Posted: Jul 16, 2012 6:09 PM
Dean Foods, Imax, Leap are market movers

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


Par Pharmaceutical Companies Inc., up $13.42 at $50

The generic drugmaker is being acquired for about $1.84 billion in cash by an affiliate of private investment firm TPG.

Imax Corp., up $1.32 at $24.12

The big-screen theater technology company said that it expanded its deal with AMC Entertainment and will add up to 18 theaters.

J.C. Penney Company Inc., down 44 cents at $19.58

Macy's won a preliminary injunction against Martha Stewart Living that would prevent it from selling some products at the retailer.

Gardner Denver Inc., down $4.56 at $48.22

The machinery maker said that its chief executive officer resigned and that its chief financial officer will take over temporarily.

Dean Foods Co., down $1.10 at $13.42

A BMO Capital Markets analyst lowered his rating on the dairy company partly because it is being hurt by rising feed costs.


Human Genome Sciences Inc., up 61 cents at $14.19

Drug maker GlaxoSmithKline said it had secured its takeover of the biotechnology company after agreeing to pay a higher price.

Leap Wireless International Inc., down 25 cents at $6.25

The parent company of the Cricket cellphone service said that its chief operating officer is stepping down and won't be replaced.

The Cheesecake Factory Inc., up 29 cents at $32.16

A Goldman Sachs analyst upgraded the casual dining restaurant saying it could see higher profitability due to lower food costs.