Huntsman, ITT, Abercrombie are big movers
AP , New York: Jul 25 2008
Made Popular Jul 25 2008

Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Huntsman Corp., up 68 cents at $13.95

The chemicals maker said it was approached by investors offering funding to help complete its $6.5 billion takeover by Apollo Management.

ITT Corp., up $3.91 at $66.58

The defense contractor topped analyst estimates, posting a 38 percent gain in operating earnings and raising its full-year forecast.

Abercrombie & Fitch Co., down $4.12 at $56.26

The teen apparel retailer’s chief financial officer announced his departure to take the top post at apparel maker Kellwood Co., in a move analysts called a blow to Abercrombie.

Legg Mason Inc., up $1.30 at $39.51

The asset-management firm swung to a quarterly loss as it dealt with money market exposure to distressed debt, but its shares rose amid market strength.

BMC Software Inc., down $3.08 at $33.10

The software vendor reported that its net income dropped 98 percent in its fiscal first quarter, due to acquisition charges, but its revenue rose 14 percent.

NASDAQ

Juniper Networks Inc., up $3.59 at $26.16

The maker of networking equipment reported a 40 percent increase in earnings for the second quarter, helped by a new product line. Results narrowly surpassed Wall Street projections.

UAL Corp., up 33 cents at $7.78

Standard & Poor’s cut its credit ratings on the airline and left the door open for further downgrades, also cutting ratings for peers AMR Corp. and Northwest Airlines Corp. Their stocks rose, however, as oil prices retreated.

Netflix Inc., up 24 cents at $26.97

The online movie-rental firm’s profit crept up 4 percent, beating analyst expectations as it signed up 168,000 new customers while spending less money to attract them to the service.

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