Nokia, Sprint, Wendy's are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Nokia Corp., up 19 cents at $2.76
The cellphone maker reached a deal to make its maps and location services available to customers of business software maker Oracle Corp.
Generac Holdings Inc., up $2.14 at $25.03
Thanks to stronger demand for its portable generators, the company posted higher-than-expected third-quarter earnings guidance.
Callaway Golf Co., up 26 cents at $6.40
A Raymond James analyst upgraded shares of the golf clubs and golf balls maker to a "Strong Buy," citing its turnaround potential.
Sprint Nextel Corp., down 34 cents at $5.18
A Raymond James analyst downgraded shares of the wireless carrier to "Market Perform" from "Outperform" on the stock's recent rise.
Cal-Maine Foods Inc., up 80 cents at $45.74
The egg producer said that its fiscal first-quarter net income more than tripled, boosted by higher pricing and sales volumes.
Jakks Pacific Inc., down 57 cents at $14
The toy maker cut its outlook due to weak sales in the U.S., a slowdown in orders and higher advertising expenses.
Conns Inc., up $1.57 at $23.62
A Canaccord analyst initiated coverage of the electronics and appliance store chain with a "Buy" rating, citing its growth prospects.
The Wendy's Co., down 28 cents at $4.25
A Janney Capital Markets analyst downgraded shares of the fast-food chain saying a key third-quarter revenue metric may disappoint.