Business Finance

Carnival and Facebook are Big Market Movers

Wednesday Sep 25, 2013

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


Red Hat Inc., down $6.20 to $46.73

The software company's billings for the quarter were weak and it issued disappointing revenue predictions the full year.

Carnival Corp., down $2.86 to $34.54

Passengers are hesitant to book cruises despite lower prices and the company said revenue will drop 3 percent this year.

Greenway Medical Technologies Inc., up $3.27 to $20.40

The health care technology company will be acquired by Vitera Healthcare at a 19 percent premium, or $20.35 per share.

Hersha Hospitality Trust, up 20 cents to $5.71

The real estate investment trust is selling 16 hotels to an affiliate of Blackstone Real Estate Advisors for $217 million.


Facebook Inc., up $1.26 to $48.45

Citigroup upgraded the stock of the social media giant and Sterne Agee calls reports of a partial lift of a ban in China a positive first step.

Applied Materials Inc., up $1.45 to $17.45

The technology services provider is tying up with Tokyo Electron to create an entity with a market capitalization of about $29 billion.

Paragon Shipping Inc., down 49 cents to $5.75

The shipping company expands and prices a $30 million public offering consisting of 5.2 million shares for $5.75 each.

Cbeyond Inc., up 52 cents to $6.47

Raymond James upgraded the stock of the technology and communications equipment provider, saying a recent slump in the shares provided a good opportunity for long-term investors.

Copyright Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.


Add New Comment

Comments on Facebook