McDonald’s, Dynegy, Merck, Dish Network, Barnes & Noble are among big market movers Monday

McDonald’s, Dynegy, Merck are big movers

NEW YORK —The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange:

NYSE:

McDonald’s Corp., up $1.07 at $56.27

Same-store sales climbed 4.3 percent in July, as the hamburger chain benefited from budget-conscious consumers and wide promotion of new coffee drinks.

Dynegy Inc., up 30 cents to $2.23

The power provider will sell eight plants and another under development for $1 billion in cash and $500 million in stock, while its second-quarter loss widened.

Barnes & Noble Inc., up 97 cents to $25.01

The bookseller said it will buy Barnes & Noble College Booksellers from its chairman in a deal worth $596 million, eliminating annual royalty payments.

Merck & Co., up 50 cents at $30.60

A Goldman Sachs analyst gave the drug developer a “Buy” rating from “Not Rated,” citing the stock’s current value and the company’s pipeline of products.

Best Buy Co., down $2.09 at $37.66

An analyst removed Best Buy from a list of preferred stocks and said the electronics retailer faces stronger competition from online and mass market retailers.

TRW Automotive Holdings Corp., down $1.44 at $18.83

The auto supplier plans to sell 14 million shares of its common stock in a public offering, granting underwriters a 30-day option to buy up additional shares.

Hormel Foods Corp., up $2.09 at $38.21

Hormel raised its 2009 profit guidance, citing strong performance from its refrigerated foods and grocery segments and improvements in its turkey business.

NASDAQ

Dish Network Corp., up 88 cents at $19.30

The nation’s second-largest satellite TV provider’s second-quarter profit slid 81 percent on TiVo Inc. litigation costs and rising expenses.