Saturday, February 13, 2010

Motorola, Ingersoll-Rand, SkillSoft are big movers (AP)

NEW YORK (AP) — The following stocks were among those that moved substantially or traded heavily on the New York Stock Exchange or Nasdaq Stock Market Friday:

NYSE:

Motorola Inc., up 50 cents to $7.15

The company plans to split in two early next year, with one unit focused on consumer goods and the other on products for businesses.

Ingersoll-Rand Plc, down $2.65 to $31.26

The global industrial company returned to a quarterly profit, but results fell short of Wall Street expectations.

Pier 1 Imports Inc., up 60 cents to $6.06

An equity analyst boosted his rating and price target for the home-decor retailer, saying executive changes are improving sales.

McAfee Inc., up $1.94 to $39.83

Growing sales to corporations boosted fourth-quarter profit 20 percent for the security software maker.

General Cable Corp., down $3.72 to $24.44

The fiber optic and metal cable company posted a quarterly loss and its outlook was well below Wall Street analyst estimates.

NASDAQ:

SkillSoft PLC, up $1.27 to $11.03

Three private-equity firms are buying the corporate e-learning company, which is based in Dublin, Ireland, for $1.1 billion in cash.

JDS Uniphase Corp., up 57 cents to $9.25

The company is buying the network testing equipment business of Agilent Technologies Inc. for $165 million in cash.

Buffalo Wild Wings Inc., down $5.46 to $42.94

The restaurant chain’s quarterly profit rose 8 percent, but it didn’t grow as much as analysts had expected.

First Horizon closes down equity researchAmerican Axle, Tyson Foods, Corning are big movers (AP)

[Via http://marketsnewss.wordpress.com]

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