Capital One, General Motors, Dish Network, Cigna among big market movers Monday

By AP
Tuesday, May 12, 2009

Capital One, GM, Dish Network are big movers

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

NYSE

Capital One Financial Corp., down $4.24 at $27.10

The credit-card issuer is said it would sell 64.4 million in common shares to pay back $3.55 billion in government bailout funds.

Cigna Corp., down $2.25 at $21.43

The White House said a consortium of health care providers proposed to cut costs for Americans by $2 trillion over 10 years.

General Motors Corp., down 17 cents at $1.44

The automaker’s chief executive said the likelihood of a bankruptcy protection filing before a June 1 government deadline is growing.

Discover Financial Services, down 98 cents at $9.68

The Senate reached a compromise on lower interest rates for consumers, part of a bigger package of legislation aimed at reforming credit-card lending practices.

NASDAQ

D&E Communications Inc., up $3.50 at $10.25

Windstream Corp. is buying the Pennsylvania broadband company in a $159 million stock and cash deal expected to close later this year.

Superior Well Services Inc., down $2.92 at $12.33

Sinking drilling activity led to a first-quarter loss for the oil field services company, even as revenue rose from last year.

Dish Network Corp., up $2.61 at $17.92

Higher prices and lower costs pushed earnings of the country’s No. 2 satellite TV supplier higher, even as it lost subscribers.

DryShips Inc., down $1.21 at $6.79

The drybulk shipper last week announced its third equity offering in recent months, which it said could dilute its stock price.

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