Walgreen and H&R Block are big market movers

AP News
Posted: Oct 01, 2013 5:13 PM

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


H&R Block Inc., up $1.20 to $27.86

A Morgan Stanley analyst recommended that investors buy shares of the biggest U.S. tax preparer, citing its plan to capitalize on the new federal health care program.

Newmont Mining Corp., down 89 cents to $27.21

Despite the uncertainty generated by a partial government shutdown, gold prices fall, dragging down mining stocks.

Walgreen Co., up $2.44 to $56.24

Fourth-quarter earnings at the nation's largest drugstore chain soared 86 percent as it booked gains from its stake in Europe's Alliance Boots chain.

Acuity Brands Inc., up $6.89 to $98.91

The lighting company's fourth-quarter profits climbed 35 percent thanks in part to strong demand for LED products.


Netflix Inc., up $15.41 to $324.62

MKM Partners raised its target price on the online movie service's stock to $370, citing new international growth.

Apogee Enterprises Inc., up $1.24 to $30.87

Goldman Sachs adds the glass products company to its "conviction buy" list, seeing a recovery in nonresidential construction.

Diamond Foods Inc., down $2.29 to $21.26

The maker of Pop Secret, Kettle Chips and Emerald Nuts took a bigger fourth-quarter loss as it settled a securities lawsuit and said it expects difficult business conditions this quarter.

Cree Inc., up $9.57 to $69.76

Seeing a better cost structure and fatter margins, Canaccord Genuity upgrades the lighting company and advises clients to buy the stock.