Market Winners and Losers for Feb. 9th, 2010
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Shares of the following companies were among those making noteworthy moves in the U.S. stock market on Tuesday:
Advancers
Airline stocks rallied, with AMR Corp. (AMR) up 10% after news Japan Airlines Corp. would maintain their partnership. Delta Airlines Inc. (DAL ) shares were up 9.8%, while United Airlines parent UAL Corp. (UAUA ) gained 16% after it reported traffic rose in January.
ADC Telecommunications Inc. (ADCT) shares rose almost 19% after the network equipment maker reported a better-than-anticipated quarterly profit.
Cameron International Corp. (CAM ) gained 7.3% after the oil equipment and services company said oilfield activity had exceeded expectations so far this year.
Other companies in the energy sector also rallied as crude-oil futures topped $73 dollars a barrel. Consol Energy Inc. (CNX ) shares gained 5.7%, Massey Energy Co. (MEE) shares advanced 5.7% and Peabody Energy Corp. (BTU ) shares rose 5.9%.
Cell Therapeutics Inc. (CTIC ) shares gained 20% after the Food and Drug Administration delayed a panel expected to criticize its experimental lymphoma drug because of an expected snowstorm.
Cerus Corp. (CERS ) climbed 6.4% after the biomedical-products company said it had reached an accord with France's national blood transfusion service to develop its blood-safety system.
Cognizant Technology Solutions Corp. (CTSH ) shares rose 5% after the technology services provider reported quarterly profit that topped expectations.
Harman International Industries Inc. (HAR ) gained 14% after the maker of speakers and other audio equipment reported a profitable quarter.
Warner Music Group Corp. (WMG ) shares gained 5.9% after the music company tallied a narrower-than-anticipated quarterly loss.
Decliners
Electronic Arts Inc. (ERTS ) shares fell 9.8% after the video-game publisher late Monday forecast fourth-quarter earnings below what analysts expected.
GameStop Corp. (GME ) shares declined 5.1% after the video-game retailer was downgraded to neutral from outperform by Credit Suisse.
Hartford Financial Services Group (HIG ) shares dropped 5% after the insurer offered a cautious outlook for 2010 in reporting a quarterly profit late Monday.
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