Thursday, July 10, 2014

Lilly and Tesla are big market movers

October 03. 2013 4:37PM
Associated Press

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(AP) Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:


Eli Lilly and Co., down $1.74 to $48.80

The drugmaker told investors that foreign exchange rates and slower growth in some markets will make it difficult to meet its 2014 revenue goal.

BP PLC, up 28 cents to $42.39

A federal appeals court revived BP's claims that a judge's interpretation of a settlement over its 2010 oil spill in the Gulf of Mexico could force the company to pay billions of dollars for bogus or inflated claims by businesses.

HCP Inc., down $1.95 to $39.82

There was a shake-up at the top of the real estate investment trust, with James F. Flaherty III, the chairman, president and CEO, being ousted and board member Lauralee Martin taking over.

Domino's Pizza Inc., down $1.29 to $68.34

The pizza maker that has been trading near all-time highs is downgraded by Oppenheimer, which but would like to see its growth rate catch up to the stock's valuation.

Texas Industries Inc., down $7.88 to $59.14

The cement and building-materials supplier's first-quarter performance missed analysts' expectations.


Tesla Motors Inc., down $7.64 to $173.31

A bad week for the electric car maker, which got a rare downgrade and then saw one of its cars go up in flames after a metallic object struck its battery pack.

BlackBerry Ltd., down 23 cents to $7.73

Hurdles are beginning to materialize before a potential deal to put the troubled smartphone maker up for sale. Bernstein Research cut its rating on the company saying that its cash position is far worse than previously thought.

Angie's List Inc., down $3.68 to $17.31

CEO William Oesterle told The Wall Street Journal that new members of the consumer-review site in major markets are now paying about a quarter of what they previously had.

Five Below Inc., up 81 cents to $47.41

Sterne, Agee & Leach raised its rating and price target for the discount retailer, saying it's likely to continue to see strong sales thanks to its selection of merchandise and its low prices.

Associated Press

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