Clearwire, Caribou Coffee, Velti are market movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Tenet Healthcare Corp., up 55 cents at $31.18
An analyst at Deutsche Bank upgraded the hospital operator's stock to a "Buy," saying that Tenet's business is improving.
Capital One Financial Corp., up $1.18 at $58.01
A Janney Capital Markets analyst reiterated his "Buy" rating on the bank saying that recent credit losses were due to seasonality.
Clearwire Corp., down 46 cents at $2.91
Sprint Nextel Corp., the cellphone company, raised its offer price for wireless network operator Clearwire to about $2.2 billion.
Caribou Coffee Co. Inc., up $3.78 at $16.10
The coffee chain is being taken private by German holding company Joh. A Benckiser Group GmbH in a deal worth about $340 million.
Compuware Corp., up $1.23 at $10.76
Elliott Management, the investment firm, is offering to buy the software company for about $2.35 billion, or $11 per share.
Francesca's Holdings Corp., up $1.28 at $25.94
A Jefferies analyst upgraded shares of the women's accessories and clothing store chain to a "Buy," citing growth potential.
Velti PLC, up 71 cents at $4.55
The mobile marketing company announced that it is hiring Jeff Ross to become the company's new chief financial officer.
Conns Inc., up $1.31 at $29.76
A Stifel Nicolaus analyst upgraded the electronics and household retailer's stock with a "Buy" rating, citing the company's growth.