BlackBerry, Deckers, Sysco are market movers

Published on NewsOK Modified: February 4, 2013 at 3:58 pm •  Published: February 4, 2013
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NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Panasonic Corp., up 84 cents at $7.72

Shares of the electronics maker continued to rise after it said last week that it returned to a profit in the third quarter.

Cash America International Inc., down $1.25 at $47.56

A Janney Capital Markets analyst downgraded the pawn shop and payday lender's shares to "Neutral" from "Buy," citing its valuation.

Sysco Corp., down 86 cents at $31.23

The food distributor's fiscal second-quarter net income fell 11.6 percent due to higher costs related to turning around the company.

Humana Inc., up $3.51 at $78.86

The health insurer posted a 3.5 percent drop in fourth-quarter net income, but its results still beat Wall Street expectations.

Nasdaq

BlackBerry, up $1.96 at $14.98

Citing its new BlackBerry 10 phone, a Sanford Bernstein analyst upgraded the smartphone maker's stock to "Outperform."

Deckers Outdoor Corp., up $1.47 at $41.39

A Jefferies analyst kept a "Buy" rating on the footwear maker's stock, saying its Ugg boots are still a winter favorite.

Acme Packet Inc., up $5.66 at $29.59

Oracle Corp., the software maker, is buying the network gear company for $2.1 billion to boost its communications services.

Columbia Sportswear Co., down $1.84 at $48.76

A Citi analyst downgraded the outdoor clothing maker's stock to "Sell," citing brand weakness and the effect of milder winters on sales.



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