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BlackRock, Hartford, Glaxo, Rambus are big movers

 

Tuesday, Jun 16,2009, 11:48:07 AM   Click:

NEW YORK_Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE:

BlackRock Inc., down $6.04 at $176.56

The investment company will become the world's biggest asset manager after buying Barclays' investment unit for $13.5 billion.

Hartford Financial Services Group Inc., down $1.13 at $12.95

The insurance company will offer $750 million in stock and said it was approved to get $3.4 billion in government bailout funds.

GlaxoSmithKline PLC, up $1.54 at $36.56

The pharmaceutical said in a few weeks it would be ready to begin large-scale vaccine production to treat the swine flu pandemic.


Saks Inc., up 58 cents at $4.34

A Deutsche Bank analyst upgraded the luxury department store, saying profit margins could be back at pre-recession levels by 2012.

Skilled Healthcare Group Inc., down 38 cents at $7.09

The nursing facility operator's stock touched a fresh low amid an ongoing internal investigation into accounting errors.

NASDAQ

Savient Pharmaceuticals Inc., up $3.33 at $9.26

Despite safety concerns, the FDA gave a successful review to the company's gout treatment, making approval more likely.

Rambus Inc., up $2.30 at $17.39

The European Union agreed to cancel a probe and any fines if the company agrees to cut licensing fees for its DRAM chips.

Ezcorp Inc., down $1.90 at $10.99

The pawn shop owner and payday lender cut its 2009 profit forecast as demand for loans and used goods drops amid growing unemployment.

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