FedEx and Diamond Foods are big market movers

AP News
Posted: Jun 18, 2014 6:22 PM

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


FedEx Corp., up $8.64 to $148.95

Surging online shopping is driving growth at the package delivery company, which blew away Wall Street's quarterly expectations.

ConAgra Foods Inc., down $2.38 to $30.47

The food company warned of weak profits ahead and said that it will have $681 million in write-downs during for its recently ended quarter.

Air Products & Chemicals Inc., up $9.12 to $130.72

The specialty gas company has hired Rockwood's Seifi Ghasemi as its new chairman and CEO to replace its retiring chief executive.

Lorillard Inc., up $2.07 to $63.83

Wells Fargo Managing Director Bonnie Herzog told CNBC that she believes the cigarette maker will merge with Reynolds American, and soon.

Walgreen Co., up $2.98 to $76.08

Shares hit an all-time high after Barclays upgraded the pharmacy chain, citing a more healthy capital structure and lower costs.

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Adobe Systems Inc., up $5.54 to $73.08

A shift to a subscription-based service looks like a great idea after the software maker made a surprise return to profitability.

Diamond Foods Inc., up 14 cents to $27.72

Analysts with Keybanc upgraded the packaged-food company, saying that a 10 percent decline in shares this month is overdone.

Carrizo Oil & Gas Inc., up $2.52 to $66.78

The independent energy exploration and production company reported positive tests from a series of wells in the Great Plains.