Netflix, DR Horton, DR Horton are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:
Family Dollar Stores Inc., up $2.56 at $68.56
The discount retailer said that its income and revenue rose in its fiscal fourth quarter as customers spent more money at its stores.
Monsanto Co., down $1.98 at $88.59
The maker of genetically engineered seeds and the herbicide Roundup said that its fourth-quarter loss widened as costs rose.
DR Horton Inc., up $1.28 at $21.99
A Citi analyst maintained his "Buy" rating on the homebuilder's stock and raised his price target to $25 from $19 on margins.
MetroPCS Communications Inc., down $1.33 at $12.24
Deutsche Telekom AG, parent company of cellphone carrier T-Mobile USA, and rival MetroPCS have agreed to combine their businesses.
DineEquity Inc., up $1.87 at $58.40
Citing better sales at Applebee's, a Janney Capital Markets analyst upgraded the restaurant operator's stock to "Buy" from "Neutral."
Netflix Inc., up $6.12 at $62.58
A Citi analyst reiterated his "Buy" rating on the movie streaming company's stock, saying customer satisfaction is on the rise.
Xyratex Ltd., down $1.45 at $7.25
The data storage company posted a 24 percent drop in its third-quarter revenue and forecast a net loss for the current quarter.
Amarin Corp., down 54 cents at $11.81
A Wedbush analyst downgraded the drugmaker's stock saying that the chances of it being acquired by a larger company are dwindling.