Beam, Lululemon are big market movers
- Associated Press
- January 13, 2014 - 3:55 PM
NEW YORK — Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
Juniper Networks Inc., up $1.78 at $25.32
Activist shareholder Elliott Management is pushing for cost cuts and changes at the computer network equipment maker.
Beam Inc., up $16.45 at $83.42
Japanese beverage company Suntory is buying the maker of Jim Beam and Maker's Mark bourbons for about $13.6 billion.
Ford Motor Co., up 4 cents at $16.11
The automaker unveiled a new version of its popular F-150 pickup truck at the North American International Auto Show in Detroit.
Lululemon Athletica Inc., down $9.90 at $49.70
The maker of yoga clothing and gear cuts its fourth-quarter forecast to below Wall Street's forecast as customer visits dropped.
SodaStream International Ltd., down $12.95 at $36.94
The seller of machines that make fizzy drinks cut its outlook for the year, citing a tough holiday season in the U.S. and higher costs.
Wendy's Co., up 54 cents at $8.98
The fast-food restaurant chain's forecast for 2014 topped Wall Street expectations and it plans spend up to $275 million on stock buybacks.
Dendreon Corp., up 27 cents at $3.26
The prostate cancer therapy maker expects fourth-quarter product revenue to grow about 10 percent compared with the fall quarter.
Galena Biopharma Inc., up 89 cents at $7.24
The biopharmaceutical company has bought Mills Pharmaceuticals for the rights to an experimental drug for a rare disorder.
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