Walgreen, Gannett, Warner Music Group, Sequenom, CIT Group are among big market movers Tuesday
By APWednesday, September 30, 2009
Walgreen, Gannett, Warner Music Group big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange:
NYSE:
Walgreen Co., up $3.16 at $37.35
The drugstore operator said prescription drug sales rose in the fourth quarter, pushing the company’s results past expectations.
Gannett Inc., up $1.76 at $11.74
The largest newspaper publisher in the U.S. said third-quarter earnings should far outpace expectations despite a shortfall in revenue.
Polo Ralph Lauren Corp., up $3.15 at $77.38
An analyst upgraded the preppy retailer
KKR Financial Holdings LLC, down 14 cents at $4.56
FBR Capital Markets said the company may reinstate its dividend as early as the fourth quarter on improving credit conditions.
Warner Music Group Corp., up 46 cents at $5.62
YouTube says the company
CIT Group Inc., up 53 cents at $2.20
Hedge fund manager John Paulson is considering merging the troubled finance company with failed mortgage lender IndyMac Federal Bank.
NASDAQ:
Sequenom Inc., down $2.23 at $3.46
The company forced out four executives and other employees after an investigation into the mishandling of studies for a blood test.
China Precision Steel Inc., down 12 cents at $2.71
The company’s profit plunged 61 percent on rising raw material prices, but it said the steel industry is showing signs of improvement.
