Elan, NRG Energy, Boeing are big movers
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Elan Corp., up 60 cents at $7.60
Johnson & Johnson said it will take an 18.4 percent stake in the Ireland-based drug developer with a $1 billion investment.
NRG Energy Inc., down $1.25 at $24.80
Exelon Corp. sweetened its hostile takeover bid for the company to $8 billion in stock, citing newly identified cost savings.
Rite Aid Corp., down 19 cents at $1.35
The nation's third-largest pharmacy chain by locations said June same-store sales fell 0.6 percent, while total sales fell 2.5 percent.
Boeing Co., down $1.40 at $40.83
An analyst cut his estimates of 787 jetliner deliveries, but said the delay will allow Boeing to make improvements.
NASDAQ:
TiVo Inc., down $1.68 at $9.09
A federal appeals court said Dish satellite TV customers can still use their digital video recorders while a patent battle continues.
Evergreen Solar Inc., up 24 cents at $2.39
The company, which makes silicon wafers for solar panels, was upgraded on smooth operations at a new facility.
Sepracor Inc., down $3.22 at $14.67
Its depression drug candidate failed in a clinical trial, while other studies were stopped by the Food and Drug Administration.
Discovery Laboratories Inc., down 54 cents at 51 cents
The company said a Food and Drug Administration review standard places the approval of respiratory drug candidate Surfaxin in doubt.
Copyright 2009  AP News
