Tuesday, 8 April 2014

Humana and Nokia are big market movers


Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:


NYSE


Nokia Corp., up 36 cents to $7.58


China approved the sale of the communication company's mobile phone unit to Microsoft, removing one of the last major hurdles for the $7.3 billion deal.


Humana Inc., down 73 cents to $111.27


Medicare Advantage coverage providers slipped after the federal government issued a final rate announcement that some see as another funding cut.


Nike Inc., up $2.09 to $72.92


With the shares down sharply this year, Stifel Nicolaus upgraded the athletic gear maker's stock and set a price target of $87.


CVS Caremark Corp., down 65 cents to 73.18


The drugstore chain finalized a $20 million settlement with regulators over accusations that it misled investors and used improper accounting to boost its performance several years ago.


Nasdaq


Amazon.com Inc., up $9.31 to $327.07


The online retailer turned entertainment hub announced that video streams on its Prime Instant Video almost tripled last year.


Alkermes PLC, up 98 cents to $42.08


The Irish drugmaker said its experimental antipsychotic drug performed better than a placebo in a late-stage clinical study.


DirecTV, up $2.04 to $78.77


The Weather Channel is returning to DirecTV after a three-month dispute that saw the cahnnel dropped to some 20 million U.S. viewers.


Mylan Inc., down 76 cents to $47.64


A sell-off in the generic pharmaceutical company's shares goes on another day after Swedish drug company Meda rebuffed a takeover bid.



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