Cephalon, LDK Solar, Benihana, Myriad Genetics among big market movers Tuesday
By APTuesday, March 30, 2010
Cephalon, LDK Solar, Benihana are big movers
NEW YORK — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE:
Danaher Corp., up $3.51 at $80.88
The medical equipment maker boosted its first-quarter profit guidance agove analysts< expectations.
LDK Solar Co., down 55 cents at $6.50
LDK Solar
NASDAQ:
Myriad Genetics Inc., down $1.20 at $23.70
A court overturned a group of patents Myriad uses on gene sequences linked to breast cancer and ovarian cancer.
Cephalon Inc., down $1.83 at $70.79
The Food and Drug Administration held up marketing approval for its drug Nuvigil as a treatment for jet lag.
Knight Capital Group Inc., down 46 cents at $15.56
Knight Capital Group said it will acquire mortgage company Urban Financial Group Inc., though terms of the deal weren’t disclosed.
3Com Corp., up 1 cent at $7.72
The networking systems maker’s third-quarter profit jumped on growing sales in most regions and a drop in its income tax provision.
Morgans Hotel Group Co., up 31 cents at $6.37
An analyst upgraded the high-end boutique hotel company, citing business improvement in New York.
Benihana Inc., up 86 cents at $6.65
A financier reportedly submitted a sweetened buyout offer to the Asian-themed restaurant chain, which has struggled with falling sales.
