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Walgreen, Nike, RIM are market movers

Published on NewsOK Modified: December 21, 2012 at 3:44 pm •  Published: December 21, 2012
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Walgreen Co., down $1.24 at $36.31

The drugstore chain said that its first-quarter earnings fell nearly 26 percent as Superstorm Sandy hurt its performance.

Nike Inc., up $6.10 at $105.10

The athletic gear maker said that strong demand in North America helped it post second-quarter net income that beat expectations.

Red Hat Inc., up $2.38 at $54.99

The software company posted solid third-quarter results and said that it plans to acquire cloud-based software company ManageIQ.

Pinnacle Entertainment Inc., up $2.85 at $16.20

The casino owner said that it will buy rival Ameristar Casinos Inc. for about $869 million. The deal will double Pinnacle's size.

Mohawk Industries Inc., up $4.25 at $91.29

The maker of residential and commercial flooring, is buying Marazzi Group for $1.5 billion to expand its ceramic tile business.

Quanex Building Products Corp., down $1.87 at $20.32

The construction materials maker said that net income in its fiscal fourth quarter dropped more than 84 percent as costs rose.

Nasdaq

Research In Motion Ltd., down $3.21 at $10.91

The BlackBerry maker said that it lost subscribers for the first time in the latest quarter. The number of users fell below 79 million.

Halozyme Therapeutics Inc., up $1.49 at $7.01

The biopharmaceutical company said that it reached a deal with Pfizer Inc. to develop injectable versions of its biotech drugs.


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