Dillard's, AMR, Netflix are big market movers
NEW YORK—Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
Dillard's Inc., down $3.40 at $46.29
A Sterne Agee analyst lowered his rating and price target for the department store operator, saying that margins may be at risk.
Thor Industries Inc., down $1.20 at $23.14
The maker of recreational vehicles, busses and ambulances, said that its first-quarter profit fell 5.6 percent as its costs rose.
AMR Corp., down $1.36 at 26 cents
The parent company of American Airlines filed for bankruptcy protection, seeking relief from debt due to high fuel prices and expensive labor contracts
Transocean Ltd., down $4.31 at $41.63
The offshore drilling contractor started a public offering of 26 million shares and will use the proceeds for a recent acquisition.
Netflix Inc., down $2.38 at $67.57
Standard & Poor's has lowered the online movie rental company's credit rating by a notch to reflect the losses the company expects.
Research In Motion Ltd., up 89 cents at $17.37
A Bernstein analyst upgraded shares of the BlackBerry maker saying that even though the company is in decline, it still has value.
Onyx Pharmaceuticals Inc., up $1.88 at $44.68
The biopharmaceutical said that the FDA accepted its marketing application for carfilzomib, a potential blood cancer treatment.
Inhibitex Inc., up $2.30 at $13.70
The biopharmaceutical company said it will ask the FDA for authorization to expand studies of its experimental hepatitis C drug.