AutoZone, General Motors, SanDisk are big movers
By
Associated Press
May 27, 2009
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Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
AutoZone Inc., down $7.80 at $155.04
The automotive parts retailer said its fiscal third-quarter profit jumped 9.5 percent, helped by an increase in replacement-part sales.
General Motors Corp., down 29 cents at $1.15
A bankruptcy filing seems inevitable after a rebellion by bondholders forced the automaker to withdraw a debt-for-equity plan.
Zale Corp., down $1.03 at $4.01
The jeweler posted a wider fiscal third-quarter loss because of a drop in same-store sales and tough economic conditions.
Monsanto Co., down $5.37 at $79.88
The agricultural products company said it now expects to meet the low end of its fiscal 2009 earnings guidance.
Delta Air Lines Inc., down 69 cents at $5.56
The oil and gas producer said Chairman and Chief Executive Roger Parker is resigning from the company after 22 years.
NASDAQ
Dollar Tree Inc., up 90 cents at $45.30
The variety store operator's fiscal first-quarter profit rose nearly 39 percent as its low-price strategy drew more customers.
SanDisk Corp., up $1.94 at $15.52
The company said it struck a seven-year deal that guarantees it a portion of Samsung Electronics Co.'s flash memory output.
Sequenom Inc., up 40 cents at $3.38
A Lazard Capital Markets analyst cautioned that issues with a Down syndrome test could hurt the diagnostic test maker.