AP News

Eli Lilly, Owens Corning are market movers


NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Spectrum Brands Holdings Inc., up $4.88 at $46.04

The consumer products maker is buying the hardware and home improvement business of Stanley Black & Decker Inc. for $1.4 billion.

Owens Corning, down $2.83 at $31.12

Due to weakness in its roofing and composites businesses, the construction company cut its earnings forecast for the year.

Eli Lilly & Co., up $1.03 at $51.81

Shares of the drugmaker rose a day after two studies found that its experimental Alzheimer's drug may modestly slow mental decline.

Cash America International Inc., up 52 cents at $39.15

The pawn shop operator and payday lender said that it is paying up to $72 million to buy 34 new stores in the U.S.

Continental Resources Inc., up $2.15 at $78.66

The oil and gas company said that it plans to triple production in the next five years on its leased properties in the U.S.

MRC Global Inc., down 37 cents at $23.57

The global energy products distributor posted strong third-quarter financial guidance and raised its full-year revenue prediction.

Nasdaq

Shoe Carnival Inc., up $1.16 at $23.81

A Sterne Agee analyst raised his rating on the shoe retailer's stock, citing sales and better-than-expected growth potential.

Destination Maternity Corp., up $1.02 at $19.35

The maternity clothing company said that its fiscal fourth-quarter revenue fell slightly, but the results still managed to beat expectations.


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