Monday, February 04, 2013 4:58 pm
BlackBerry, Deckers, Sysco are market movers
The Associated Press
Panasonic Corp., up 84 cents at $7.72
Shares of the electronics maker continued to rise after it said last week that it returned to a profit in the third quarter.
Cash America International Inc., down $1.25 at $47.56
A Janney Capital Markets analyst downgraded the pawn shop and payday lender's shares to "Neutral" from "Buy," citing its valuation.
Sysco Corp., down 86 cents at $31.23
The food distributor's fiscal second-quarter net income fell 11.6 percent due to higher costs related to turning around the company.
Humana Inc., up $3.51 at $78.86
The health insurer posted a 3.5 percent drop in fourth-quarter net income, but its results still beat Wall Street expectations.
BlackBerry, up $1.96 at $14.98
Citing its new BlackBerry 10 phone, a Sanford Bernstein analyst upgraded the smartphone maker's stock to "Outperform."
Deckers Outdoor Corp., up $1.47 at $41.39
A Jefferies analyst kept a "Buy" rating on the footwear maker's stock, saying its Ugg boots are still a winter favorite.
Acme Packet Inc., up $5.66 at $29.59
Oracle Corp., the software maker, is buying the network gear company for $2.1 billion to boost its communications services.
Columbia Sportswear Co., down $1.84 at $48.76
A Citi analyst downgraded the outdoor clothing maker's stock to "Sell," citing brand weakness and the effect of milder winters on sales.