Corning, Deckers, Cracker Barrel are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Corning Inc., up 15 cents at $12.88
A Goldman Sachs analyst upgraded shares of the glass maker to "Buy," saying that it may see a rise in its fourth-quarter earnings.
Webster Financial Corp., up 67 cents at $24.65
Citing a recent turnaround in its business, a Raymond James analyst upgraded shares of the bank holding company to "Strong Buy."
PulteGroup Inc., up 67 cents at $16.43
Shares of the homebuilder jumped after two positive U.S. housing reports showed that the housing sector is slowly recovering.
United Rentals Inc., up $2.24 at $37.55
The company, which rents heavy equipment, said that it is opening three branches in the U.S. and two other branches in Canada.
Cracker Barrel Old Country Store Inc., up $3.69 at $67.31
An increase in customers and sales helped the casual restaurant chain nearly double its net income in the fiscal fourth quarter.
Ascena Retail Group Inc., down 20 cents at $20.81
The women's retailer said fiscal fourth-quarter net income fell 94 percent on costs related to buying rival Charming Shoppes.
Deckers Outdoor Corp., down $2.64 at $41.31
A Sterne Agee analyst said in a note to investors that sales on rarely discounted Ugg boots are a troubling sign for the footwear maker.
Ramtron International Corp., up 21 cents at $3.08
Cypress Semiconductor Corp. is buying rival Ramtron International in a deal that values the chip maker at about $109.8 million.