Walgreen, GlaxoSmithKline, Barclays, Pepsi Bottling Group among big market movers Tuesday
By APTuesday, June 2, 2009
Walgreen, GlaxoSmithKline, Barclays are big movers
NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Walgreen Co., up 48 cents at $31.62
The drugstore operator said its same-store sales rose 1 percent in May, helped by a jump in pharmacy sales.
Pepsi Bottling Group Inc., up 96 cents at $34.17
The bottler lifted its full-year earnings outlook for the second time in less than two months, citing the decline of commodity costs.
GlaxoSmithKline PLC, down 25 cents at $33.96
Glaxo signed a potential $1 billion deal with U.S. biotech company Concert Pharmaceuticals to access deuterium-containing medicines.
Hhgregg Inc., down $1.13 at $15.74
The regional electronics retailer offered a weaker-than-expected forecast for fiscal 2010, as same-store sales are expected to drop.
Barclays PLC, down $2.19 at $18.31
A major Middle Eastern shareholder in Barclays bank said it intends to sell part of its stake — at least 1.3 billion shares.
JPMorgan Chase & Co., down $1.61 at $34.50
JPMorgan priced a $5 billion stock offering at a discount to help satisfy preconditions for repaying government loans.
NASDAQ
Express Scripts Inc., down 16 cents at $64.29
The pharmacy benefits manager said it is publicly offering 23 million shares of common stock to cover over-allotments.
NetApp Inc., down $1.35 at $19.34
Rival data storage company EMC Corp. has offered $30 per share to buy Data Domain Inc., topping NetApp’s bid.
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