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Wells Fargo, AnnTaylor, H&R Block big movers
Friday, March 06, 2009 6:26 PM


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

NYSE

Wells Fargo & Co., up 49 cents at $8.61

Following the lead of other banks, Wells said it will slash its dividend by 85 percent in an effort to save $5 billion annually.

AnnTaylor Stores Corp., down $2.13 at $3.41

The clothing retailer reported a wider loss in its fourth quarter due to hefty restructuring charges and a big drop in sales.

H&R Block Inc., up $1.36 at $18.68

Quarterly earnings surged as it prepared more early tax returns and saw smaller losses from discontinued operations.

Rockwell Collins Inc., up 38 cents at $28.35

A Goldman analyst upgraded the aerospace company to "neutral" from "sell," saying weaker jet sales are reflected in the stock.

Genentech Inc., up $9.22 at $90.86

Roche boosted its hostile tender offer for the biotechnology firm to $93 a share, raising the total offer value to $45 billion.

General Motors Corp., down 41 cents at $1.45

Shares fell to their lowest point in more than 75 years, as investors worried about the possibility of a bankruptcy filing.

Snap-on Inc., up 86 cents at $21.52

A Janney Montgomery Scott analyst upgraded the toolmaker to "buy" from "neutral," due partly to its strong cash flow.

NASDAQ

Whole Foods Market Inc., up 30 cents at $12.08

The grocer agreed to sell some stores to resolve the government's challenge of its $565 million purchase of Wild Oats Markets.

A service of YellowBrix, Inc.



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