Ford, Citigroup, Staples, Take-Two are big movers
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
Ford Motor Co., up 11 cents at $1.96
The automaker said changes to its union contract will help it achieve parity with wages paid by overseas-based competitors.
Citigroup Inc., up 9 cents for $1.54
The stock rose for a second straight day after news that it was operating at a profit fueled Tuesday's big market advance.
Staples Inc., down 27 cents at $15.47
Customers shied away from buying expensive office furniture, leading to a 14 percent drop in fourth-quarter profit.
Big Lots Inc., up $1.23 at $19.81
A JPMorgan analyst upgraded the stock to "Overweight" from "Neutral," saying shares are inexpensive and sales at the discount retailer are recovering.
ConocoPhillips, down 2 cents at $37.98
The oil company said it expects oil and gas production to be flat this year as it reduces spending and cuts costs.
Vail Resorts Inc., up $2.05 at $18.56
The ski resort operator reported a better-than-expected quarterly profit and announced companywide wage cuts.
NASDAQ
Apple Inc., up $4.05 at $92.68
The company unveiled a newer and smaller version of its miniscule iPod Shuffle, reducing the size to just 2 inches long.
Take-Two Interactive Software, down 44 cents at $6.41
Shares took a hit after the video game publisher issued a second-quarter outlook below Wall Street's expectations.
Copyright 2009  AP News
