Hormel, Gevo, Suntech are big movers
Hormel, Gevo, Suntech, Newfield Exploration are big market movers Tuesday
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Hormel Foods Corp., down $1.46 at $39.19
The food company cut its profit expectations for the year, citing higher costs, softer sales and weak performance at its pork business.
FactSet Research Systems Inc., down $4.64 at $99.12
The research firm said that its third-quarter net income rose 11 percent, but it said the market remained tough for selling services.
Suntech Power Holdings Co. Ltd., up 5 cents at $1.05
The solar panel maker said that authorities in Switzerland granted its main European subsidiary more time to restructure its debts.
Newfield Exploration Co., up 93 cents at $23.94
A Stifel Nicolaus analyst upgraded the oil and natural gas company's stock rating to a "Buy," citing an international asset sale.
Signet Jewelers Ltd., up $1.94 at $69.91
The jewelry company, which owns the Kay Jewelers retail stores, said it plans to buy back up to $350 million of its common stock.
Nasdaq
Gevo Inc., up 34 cents at $2.07
The maker of fuels and chemicals from plant matter has restarted commercial production of isobutanol at its Minnesota plant.
Flir Systems Inc., up $1.54 at $26.49
A Raymond James analyst upgraded the stock rating of the company, which makes imaging and surveillance systems, to a "Strong Buy."
Orchard Supply Hardware Stores Corp., down 38 cents at $1.73
Shares of the home improvement retailer fell a day after rival Lowe's offered to buy it for about $205 million in cash.
