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Citigroup, Wells Fargo, Boeing are big movers
Wednesday, January 28, 2009 6:23 PM


(Source: Associated Press/AP Online)trackingNEW YORK - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Citigroup Inc., up 66 cents at $4.21

Financial stocks led a broad rally as investors hoped the Obama administration would move bad assets off of banks' books.

Wells Fargo & Co., up $5 at $21.19

The bank posted a $2.83 billion quarterly loss but said it is making loans, getting new deposits and maintaining its dividend.

Boeing Co., up 2 cents at $43.24

The world's second-largest airplane maker swung to a fourth-quarter loss, hurt by a labor strike that disrupted deliveries.

ConocoPhillips, up 65 cents at $50.16

Shares rose, even as the energy company posted a fourth-quarter loss, stung by $34 billion in asset writedowns and plunging crude prices.

General Dynamics Corp., up $4.29 at $60.01

The defense contractor said its fourth-quarter earnings rose on higher profits in its business jet and shipbuilding units.

New York Times Co., up 38 cents at $5.98

Shares moved higher despite ad revenue at its news media properties falling 15.8 percent in December during a usually lucrative holiday season.

Airtran Holdings Inc., up 27 cents at $4.37

Stocks got a boost with the broader market, even as the parent of AirTran Airways said its fourth-quarter loss widened to $118.4 million, as it took a hit from bad bets on fuel hedges.

NASDAQ

Amylin Pharmaceuticals Inc., down $1.03 at $10.66

The drug maker said its fourth-quarter loss widened on a decline in diabetes drug sales and a hefty restructuring costs.

A service of YellowBrix, Inc.



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