Citigroup, Eli Lilly, Clearwire are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Citigroup Inc., up $1.91 at $36.66
The bank posted quarterly earnings that beat Wall Street expectations after stripping out a big loss on its retail brokerage.
Titan International Inc., up 99 cents at $18.83
A Jefferies analyst upgraded shares of the wheel and tire supplier to "Buy," saying its stock may rise again after a recent slump.
Eli Lilly & Co., up $2.08 at $52.53
The drug developer said that a potential stomach cancer treatment met goals for improved survival in a late-stage clinical study.
Abbott Laboratories, up $2.77 at $72.05
The drugmaker said that its experimental hepatitis C drug regimen cured 99 percent of patients with the disease in a midstage study.
Clearwire Corp., up 37 cents at $2.69
Shares of the wireless data network operator rose after Softbank agreed to buy a 70 percent stake in Sprint, Clearwire's biggest customer.
Intersil Corp., up 18 cents at $7.07
A Stifel Nicolaus analyst upgraded the chipmaker's shares to "Buy," saying the stock may be undervalued.
DepoMed Inc., up 27 cents at $6.32
The Food and Drug Administration said that it will review the drug developer's potential treatment for menopausal hot flashes.
Yongye International Inc., up 82 cents at $5.61
The Chinese plant and animal feed maker said that a group that includes its CEO offered to take it private.