General Motors, Sovereign Bancorp are big movers

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Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange:

NYSE

General Motors Corp., up 83 cents at $4.49

The Bush administration granted GM and Chrysler a total of $17.4 billion to keep them running in the short term.

Darden Restaurants Inc., up $4.57 at $28.55

The restaurant chain reported better-than-expected quarterly results late Thursday and reported a lift in same-store sales.

Sovereign Bancorp Inc., up 4 cents at $2.88

The banking firm is cutting 1,000 jobs, or 8.3 percent of its work force, in an effort to cut costs amid the economic downturn.

CarMax Inc., down 90 cents at $7.30

The auto retailer said it swung to a $21.9 million third-quarter loss due to slumping sales and loan loss write-downs.

Duke Realty Corp., up $1.16 at $11.68

Moody's lowered the real estate investment trust's investment grade credit rating due to a stressed debt load amid a weak economy.

Oceaneering International Inc., up 84 cents at $26.06

A Pritchard Capital analyst issued a "buy" rating on the oil-services firm, noting its strong cash position and attractive stock price.

Brinker International Inc., up $2.58 at $11.18

The restaurant firm closed a sale of the majority of Macaroni Grill, surprising analysts who expressed concern over the deal.

NASDAQ

Eagle Bulk Shipping Inc., down $1.42 at $7.51

The drybulk shipping company said it is suspending its dividend and cutting capital spending as shipping rates have plunged.

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12/2/2009 10:47 AM
OII $55.74 Up +0.24 +0.43%
Oceaneering Intern… CAPS Rating: ****
DRE $11.43 Up +0.01 +0.09%
Duke Realty Corp CAPS Rating: ****
DRI $32.20 Up +0.37 +1.16%
Darden Restaurants… CAPS Rating: **
GM $0.75 Down +0.00 +0.00%
General Motors Cor… CAPS Rating: *
EAT $13.88 Up +0.19 +1.39%
Brinker Internatio… CAPS Rating: **
EGLE $6.01 Up +0.09 +1.52%
Eagle Bulk Shippin… CAPS Rating: *****
KMX $20.47 Up +0.31 +1.54%
CarMax, Inc. CAPS Rating: ***

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