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GM, FedEx, Oracle are market movers

  • Associated Press
  • December 19, 2012 - 4:05 PM

NEW YORK - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

General Motors Co., up $1.69 at $27.18

The automaker said it will spend $5.5 billion to buy back 200 million shares from the Treasury by the end of this year.

FedEx Corp., up 84 cents at $93.20

The package delivery company maintained its earnings forecast for the full fiscal year on a massive cost-cutting plan.

Martha Stewart Living Omnimedia Inc., up 7 cents at $2.65

Lisa Gersh, CEO of the media and home goods company, is stepping down after less than a year on the job.

Nasdaq

Oracle Corp., up $1.21 at $34.09

The technology company said its fiscal second-quarter earnings rose 18 percent as companies spent more on software and other products.

Symmetricom Inc., down 41 cents at $5.59

The technology company lowered its fiscal second-quarter forecast as government and communications service providers' spending fell.

Francesca's Holdings Corp., up 33 cents at $27.11

A KeyBanc Capital Markets analyst reiterated his "Buy" rating on the women's retailer's stock and put it on his "Best Picks" list.

Monro Muffler Brake Inc., up 86 cents at $34.24

A Stifel Nicolaus anlayst initiated shares of the car-repair shop operator with a "Buy" rating, citing the company's growth potential.

Idera Pharmaceuticals Inc., up 15 cents at 92 cents

The drug developer said it got positive results in a study of a treatment for psoriasis, a disorder that affects skin and joints.

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