Centex, Alcoa, Constellation are big movers

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

NYSE

Centex Corp., up $1.44 at $9.06

Pulte Homes Inc. is buying Centex in an all-stock $1.3 billion deal that will create the country's biggest homebuilder.

Alcoa Inc., up 27 cents at $8.06

The aluminum maker reported a loss in its first quarter as prices and demand dropped, but analysts said it is doing a good job cutting costs.

Constellation Brands Inc., down 59 cents at $11.05

The wine giant said it lost $406.8 million in its fiscal fourth quarter, falling short of Wall Street expectations, as sales slid 17 percent.

Hartford Financial Services Group Inc., up $1.14 at $9.59

The insurance company's stock soared following on a report that the Treasury Department will offer bailout funds to life insurers, which have had big losses on their investment portfolios in the past year.

Family Dollar Stores Inc., up $1.97 at $34.63

Profit in the second quarter jumped by a third for the discount retailer, and sales should grow between 7 and 9 percent in the third quarter.

ProLogis, up 38 cents at $7.20

The distribution-facility owner said it priced 152 million shares at $6.60 a share in a public offering, which will raise more than $1 billion.

NASDAQ

Bed Bath & Beyond Inc., up $6.19 at $31.70

Same-store sales slid, but a fourth-quarter profit of $141.4 million, while down from last year, topped analysts' estimates for the home furnishings retailer.

Juniper Networks, up $1.89 at $17.51

The network equipment maker affirmed that its net income would meet Wall Street expectations of 17 cents a share, even as its sales guidance fell short.

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Related Tickers

11/9/2009 4:00 PM
AA $13.34 Up +0.45 +3.49%
Alcoa, Inc. CAPS Rating: ****
PHM $9.80 Up +0.15 +1.55%
Pulte Homes, Inc. CAPS Rating: *
JNPR $25.06 Down +0.00 +0.00%
Juniper Networks,… CAPS Rating: ***
HIG $25.34 Up +1.25 +5.19%
Hartford Financial… CAPS Rating: **
CTX $11.95 Down +0.00 +0.00%
Centex Corp CAPS Rating: *
FDO $29.61 Up +1.02 +3.57%
Family Dollar Stor… CAPS Rating: ***
BBBY $37.74 Up +0.60 +1.62%
Bed Bath & Beyond,… CAPS Rating: **

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