Nike, Netflix, Google are big market movers
NEW YORK—Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:
Commercial Metals Co., up $2.72 at $14.17
Billionaire investor Carl Icahn said that he wants to buy the steel and metal products manufacturer for about $1.73 billion.
Anadarko Petroleum Corp., up $3.93 at $75.77
The oil and gas company said that a natural gas field discovered off the coast of Mozambique is the largest it has ever found.
Nike Inc., up $4.63 at $94.91
A Sterne Agee analyst said that there was strong demand for the athletic shoemaker's new Air Jordan Retro 3, which sells for $160.
General Motors Co., up 40 cents at $20.74
The automaker has offered free loaner cars to Chevrolet Volt owners that are worried about the vehicle's battery catching fire.
Molycorp Inc., up $3.67 at $30.65
The rare earth producer announced a joint venture with Daido Steel and Mitsubishi to make magnets used in home appliance motors.
Genworth Financial Inc., up 68 cents at $6.07
A Citi Investment Research analyst upgraded shares of the insurer to "Buy," saying that bankruptcy is "not a realistic threat."
Netflix Inc., up $6.09 at $69.95
Barron's magazine quoted hedge fund manager Whitney Tilson saying shares of the movie rental website could double in a few months.
Google Inc., up $25.19 at $588.19
A Citi Investment Research analyst upgraded the search giant, citing a recent stock price drop and consistent revenue growth.