Sprint Nextel, Eli Lilly, E-Trade, Goodyear, Tenet Healthcare are among big market movers
By APMonday, September 14, 2009
Sprint Nextel, Eli Lilly, E-Trade big movers
NEW YORK — The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Sprint Nextel Corp., up 38 cents at $4.15
A U.K. newspaper reported that Germany’s Deutsche Telekom is weighing a takeover bid for the U.S. telecommunications company.
Tenet Healthcare Corp., up 30 cents at $5.75
Profit from continuing operations for 2009 will be better than expected, the hospital operator said after a strong third quarter.
Goodyear Tire & Rubber Co., up 51 cents at $17.78
The biggest U.S. tire maker surged after the Obama administration decided to raise tariffs on imports of Chinese tires for three years.
Coeur d’Alene Mines Corp., down $1.24 at $19.73
RBC Capital Markets downgraded the silver miner after a big run-up in its stock price since July amid a surge in gold and silver prices.
Eli Lilly & Co., up 31 cents at $33.13
The drugmaker is cutting 5,500 jobs, shaving $1 billion of its costs and reorganizing into five business units over the next couple years.
AES Corp., up 64 cents at $14.79
A media report of a possible investment in the power plant company by a Chinese sovereign wealth fund sent shares to a 52-week high.
NASDAQ
E-Trade Financial Corp., up 12 cents at $1.78
The online broker authorized the beginning of a program to sell up to $150 million worth of common stock, enhancing liquidity.
Coldwater Creek Inc., up 7 cents at $7.38
Co-founder and chairman Dennis Pence will take on the duties of the women’s apparel retailer departing CEO, Daniel Griesemer.
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