FedEx, Motorola, American Axle big movers
The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
FedEx Corp., up $4.66 at $77.32
The package delivery company raised its first-quarter earnings forecast on better-than-expected international shipments and cost cuts.
Motorola Inc., up 71 cents at $8.68
The struggling phone maker unveiled its first device using Google's Android system, banking on it to attract consumers.
Covidien PLC, up $2.51 at $41.87
The drug and medical device maker expects its revenue to grow between 4 and 7 percent in fiscal 2010, in line with expectations.
American Axle & Manufacturing Holdings Inc., up $1.02 at $7.34
An analyst upgraded the auto parts maker, saying that expectations of a deal with its lenders and a cash infusion from General Motors Co. have helped ease concerns over the company's liquidity.
Progressive Corp., up 19 cents at $16.86
An analyst upgraded the low-cost insurer by two notches on the theory the company could benefit from consumers shopping around.
EnCana Corp., up $4.34 at $58.97
The energy company announced that its board of directors unanimously voted in favor of plans to split into two distinct companies.
National Semiconductor Corp., down 94 cents at $15.03
Analysts were split over the chip maker's first-quarter results, with some expecting a snapback in sales and others expressing doubts.
NASDAQ:
Rosetta Resources Inc., up $1.23 at $14.65
The oil and gas company affirmed its capital budget and said it expects to build cash and maintained its full-year production outlook.
Copyright 2009  AP News
