Rite Aid, Infosys, Ashland are big movers
Rite Aid, Infosys, Ashland, Harris, Abaxis are big market movers on Friday
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Rite Aid Corp., up 19 cents at $2.31
A Raymond James analyst upgraded the drugstore chain's stock rating, a day after it posted its first annual profit in six years.
Pinnacle Entertainment Inc., up $1.17 at $17.55
A Deutsche Bank analyst lifted the casino operator's rating and price target, saying a proposed acquisition may push the stock higher.
Infosys Ltd., down $11.24 at $43.10
The Indian outsourcing company forecast revenue growth for the year that was below analyst expectations.
Harris Corp., down $2.50 at $44.06
The defense contractor plans to lay off workers and reduce expenses to help offset the damage caused by government spending cuts.
Ashland Inc., up $7.83 at $86.66
Hedge fund Jana disclosed that it has taken a 7.4-percent stake in the chemicals company, making it the second-largest shareholder.
Nasdaq
JB Hunt Transport Services Inc., down $2.21 at $72.01
The trucking operator said that its first-quarter profit rose 8 percent but that was still short of analysts' estimates.
Abaxis Inc., down $2.47 at $45.80
A Stifel Nicolaus downgraded the blood analysis systems developer's stock. It has been hitting all-time highs in recent weeks.
Euronet Worldwide Inc., down $1.33 at $26.71
Sterne Agee analysts downgraded their rating on the payment services company's stock after a recent rally in the share price.