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Boeing among big movers in stock market


Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

FedEx Corp., up $5.33 at $116.17.

Shares rose on a report the package delivery company could become a target for private equity buyers because of its modest valuation and turnaround potential, according to Barron's.

Huntsman Corp., up 7 cents at $28.07.

The chemical company's shares rose after private equity firm Apollo Management raised its offer by 2.8 percent to $28 per share.

Boeing Co., up $1.02 at $99.90.

The aerospace company rose on reports it received orders for its 787 Dreamliner passenger jet, which the company unveiled on Sunday.

NASDAQ

Children's Place Retail Stores Inc., down $6.12 at $46.42.

The retailer said same-store sales dropped 4 percent in the five weeks ended July, and expects to report a loss between 94 cents and 98 cents per share in the second quarter.

Huntington Bancshares Inc., down 79 cents at $21.85.

The bank warned second-quarter earnings will fall below expectations after a charge of 11 cents per share linked to higher bad-debt charges and merger costs.

Intel Corp., up 28 cents at $24.96.

The chip maker said it will take a $219 million stake in VMware, a unit of EMC Corp., in its upcoming initial public offering.

Copyright 2007 AP News
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Author:Staff
Publication:AP News
Date:Jul 9, 2007
Words:215
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Boeing Among Stock Market's Big Movers

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