Market Winners and Losers for March 9, 2010
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Shares of the following companies were among those that made notable moves in the U.S. stock market on Tuesday:
Advancers
AgFeed Industries Inc. (FEED ) shares climbed 8.4% after the hog and feed producer posted better-than-anticipated yearly earnings.
American International Group Inc. (AIG ) shares were up 12.6% on thinking the insurer would sell more assets after two large sales in recent days.
AMR Corp. (AMR ) shares advanced 9.3% after initial data had passenger revenue rising in February.
Arris Group Inc. (ARRS ) shares gained 5.5% after Needham & Co. raised its rating of the broadband equipment maker from hold to buy.
Citigroup Inc. (C ) shares were up 7.3% amid speculation about M&A activity in the U.S. banking industry.
Commercial Metals Co. (CMC ) gained 9.2% after a report in dealReporter said the steel recycler could get a takeout offer from Nucor Corp. (NUE )
Force Protection Inc. (FRPT) shares were up 14.1% after the manufacturer of blast-resistant military vehicles reported a profit that topped estimates.
Sprint Nextel Corp. (S ) shares rose 6.5% after the wireless company said it would pay down debt and curb costs.
Systemax Inc. (SYX ) was up 14.3% after the computer seller reported a profit above expectations.
Decliners
Jones Soda Co. (JSDA ) dropped 31% to 58 cents a share after the soft-drink firm agreed to be acquired by Reeds Inc. (REED) for about $9.7 million, or 37 cents a share. Shares of Reeds advanced 11.4%.
Thor Industries Inc. (THO) shares slumped 7.9% after the seller of motor homes reported a quarterly profit beneath what analysts had expected.
Zygo Corp.
(ZIGO )
shares declined 15.6% after laser components maker II-VI Inc.
(IIVI )
said it had withdrawn its bid for the maker of optical components.
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