RIM, Red Hat, Finish Line are big movers

AP News
Posted: Mar 25, 2013 6:59 PM

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


J.C. Penney Co. Inc., down 25 cents at $15.18

A BMO Capital Markets analyst downgraded the department store chain's stock rating on concerns about its the near-term future.

Red Hat Inc., down $1.81 at $48.99

A Raymond James analyst downgraded the software maker's stock rating, citing worries about its growth prospects for this year.


Research In Motion Ltd., down 68 cents at $14.23

A Citi Investment Research analyst said that the smartphone maker's new Blackberry Z10 is not doing as well in the U.S. as expected.

Finish Line Inc., down 55 cents at $18.19

A Stern Agee analyst lowered his rating for the athletic shoes and clothing retailer citing tough competition and expenses.

Apollo Group Inc., up $1.21 at $18.25

The for-profit education company's second-quarter net income fell 79 percent, but the results still beat Wall Street expectations.

JA Solar Holdings Co. Ltd., down 45 cents at $3.71

The Chinese solar company said that its fourth-quarter loss widened, hurt by continued weak global demand for solar products.

ZaZa Energy Corp., up 15 cents at $1.80

The oil exploration and development company announced a deal to form a joint venture and another to sell land in Texas.

Tessera Technologies Inc., up 40 cents at $18.58

The company, which licenses miniaturization technology for electronic devices, said that it has begun a search for a new CEO.