CVS Caremark, ConAgra, Netflix are big movers
NEW YORK—Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
ConAgra Foods Inc., up $1.02 at $26.19
The food maker reported that its second quarter net income fell 15 percent, but results beat expectations as it raised prices.
General Mills Inc., down 32 cents at $39.27
The maker of Cheerios, Nature Valley granola and Hamburger Helper said its net income fell 28 percent during the second quarter.
CVS Caremark Corp., up $3.24 at $39.80
The drugstore chain raised its quarterly dividend 30 percent and said it expects 2012 profits at its Caremark unit to grow.
Red Hat Inc., down $4.10 at $41.95
The software company's third-quarter net income rose, but its fourth-quarter revenue forecast fell short of analyst expectations.
Talbots Inc., up 5 cents at $2.69
The women's clothing chain rejected a $205 million buyout offer from its biggest shareholder, private equity firm Sycamore Partners.
A123 Systems Inc., up 6 cents at $1.59
The maker of rechargeable lithium ion batteries for electric cars said it will supply a battery system to utility Maui Electric Co.
Netflix Inc., up $4.25 at $71.40
In a new deal with BBC Worldwide, the Internet streaming company's U.K. and Irish users will be able to stream the network's shows.
Salix Pharmaceuticals Ltd., up $3.71 at $46.94
The drugmaker and partner Progenics said a study for an expanded use of constipation treatment Relistor yielded positive results.