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McDonald's, Dynegy, Merck are big movers
Monday, August 10, 2009 6:09 PM


(Source: Associated Press/AP Online)trackingNEW YORK - The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange:

NYSE:

McDonald's Corp., up $1.07 at $56.27

Same-store sales climbed 4.3 percent in July, as the hamburger chain benefited from budget-conscious consumers and wide promotion of new coffee drinks.

Dynegy Inc., up 30 cents to $2.23

The power provider will sell eight plants and another under development for $1 billion in cash and $500 million in stock, while its second-quarter loss widened.

Barnes & Noble Inc., up 97 cents to $25.01

The bookseller said it will buy Barnes & Noble College Booksellers from its chairman in a deal worth $596 million, eliminating annual royalty payments.

Merck & Co., up 50 cents at $30.60

A Goldman Sachs analyst gave the drug developer a "Buy" rating from "Not Rated," citing the stock's current value and the company's pipeline of products.

Best Buy Co., down $2.09 at $37.66

An analyst removed Best Buy from a list of preferred stocks and said the electronics retailer faces stronger competition from online and mass market retailers.

TRW Automotive Holdings Corp., down $1.44 at $18.83

The auto supplier plans to sell 14 million shares of its common stock in a public offering, granting underwriters a 30-day option to buy up additional shares.

Hormel Foods Corp., up $2.09 at $38.21

Hormel raised its 2009 profit guidance, citing strong performance from its refrigerated foods and grocery segments and improvements in its turkey business.

NASDAQ

Dish Network Corp., up 88 cents at $19.30

The nation's second-largest satellite TV provider's second-quarter profit slid 81 percent on TiVo Inc. litigation costs and rising expenses.

A service of YellowBrix, Inc.



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