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Wednesday, October 28, 2009
Market Winners & Losers: Harris Corp., Goodyear Tire & Rubber
By David O'Brien
FOXBusiness
The major indexes ended Wednesday’s session lower across the board. The Dow closed down 1.2%, the Nasdaq dropped 2.7%, and the S&P 500 fell 2%.
Here are Wednesday’s winners and losers:
Winners
Harris Corp. (HRS)
The communications-technology company saw shares rise by 9.8% on the release of its quarterly earnings results. HRS shares
last traded at $41.66, up $3.72 on the day.
American International Group (AIG)
The insurer bucked sector trends, adding 3.9% to its share price on Wednesday. AIG shares closed at $35.33, a gain of $1.32
on the day.
Qwest Communications International Inc. (Q)
The telecommunications company’s stock gained 2.6% after beatings the streets per-share estimates. Qwest shares finished Wednesday’s
session at $3.54, up 9 cents on the day.
Verizon Communications Inc. (VZ)
The telecommunications posting gains Wednesday of 2.6%. Verizon shares ended the session at $29.95, a gain of 75 cents on
the day.
Pall Corp. (PLL)
The filtration development company moved into positive territory by 2.4% with a late-session push. Pall shares last traded
at $32.21, up 76 cents on the day.
Losers
Goodyear Tire & Rubber Co. (GT)
The tire manufacturer saw its shares sink 19.6% on revenue projections. Goodyear shares closed at $13.46, a loss of $3.28
on the day.
Apollo Group Inc. (APOL)
The online educator fell 17.7% as the SEC said it is investigating the company’s revenue accounting practices. APOL shares
ended the session at $60.06, down $12.91 on the day.
Molex Inc. (MOLX)
The electronics manufacturer posted a 12.5% after issuing lower-than-expected guidance for the second quarter. MOLX shares
finished Wednesday at $18.56 a loss of $2.64 on the day.
New York Times Co. (NYT)
The publisher continued its downward slide, dropping 11.8% on Wednesday. NYT shares last traded at $8.56, down $1.15 on the
day.
Gannett Co. Inc. (GCI)
The publisher’s shares plunged 10.1%, or $1.17, to close Wednesday’s session at $10.40.
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