IndyMac, Fannie Mae, Merrill Lynch are big movers

Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

IndyMac Bancorp Inc., down 27 cents to 44 cents

An analyst cut his price target to $0 after the mortgage lender stopped accepting some loan submissions and trimmed its staff.

AirTran Holdings Inc., up 31 cents to $2.19

Amid high fuel costs, the operator of AirTran Airways will cut 180 pilot jobs and 300 flight attendant positions, or more than 5 percent of its staff.

Fannie Mae, up $1.88 to $17.62

An analyst warned the mortage purchaser and Freddie Mac may need to raise more cash if a proposed change to accounting standards is passed.

Office Depot Inc., down $3.29 to $7.12

A slowing economy caused the office supplies retailer to forecast a 10 percent drop in second-quarter same-store sales.

Merrill Lynch & Co., up $2.41 to $32.77

Shares came off an annual low, even as a Wachovia Capital Markets analyst cut his second-quarter outlook for the bank, expecting another round of write-downs.

Pepsi Bottling Group Inc., down 78 cents to $27.88

The world's largest maker of Pepsi drinks posted a higher second-quarter profit on strong growth in Europe and Mexico, but worldwide physical case volume declined.

Ford Motor Co., up 43 cents to $4.90

The automaker's China sales soared 21 percent from a year ago to 172,411 vehicles in the first half of the year.

NASDAQ

UAL Corp., up 56 cents to $4.75

Frontier Airlines and the operator of United Airlines are laying off a total of 600 people in Colorado because of the rising price of fuel.