Beam, Lululemon are big market movers

AP News
Posted: Jan 13, 2014 4:49 PM

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


Juniper Networks Inc., up $1.78 at $25.32

Activist shareholder Elliott Management is pushing for cost cuts and changes at the computer network equipment maker.

Beam Inc., up $16.45 at $83.42

Japanese beverage company Suntory is buying the maker of Jim Beam and Maker's Mark bourbons for about $13.6 billion.

Ford Motor Co., up 4 cents at $16.11

The automaker unveiled a new version of its popular F-150 pickup truck at the North American International Auto Show in Detroit.


Lululemon Athletica Inc., down $9.90 at $49.70

The maker of yoga clothing and gear cuts its fourth-quarter forecast to below Wall Street's forecast as customer visits dropped.

SodaStream International Ltd., down $12.95 at $36.94

The seller of machines that make fizzy drinks cut its outlook for the year, citing a tough holiday season in the U.S. and higher costs.

Wendy's Co., up 54 cents at $8.98

The fast-food restaurant chain's forecast for 2014 topped Wall Street expectations and it plans spend up to $275 million on stock buybacks.

Dendreon Corp., up 27 cents at $3.26

The prostate cancer therapy maker expects fourth-quarter product revenue to grow about 10 percent compared with the fall quarter.

Galena Biopharma Inc., up 89 cents at $7.24

The biopharmaceutical company has bought Mills Pharmaceuticals for the rights to an experimental drug for a rare disorder.