BofA, HP, Under Armour are big market movers

NEW YORK (AP) ? Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:


99 Cents Only Stores, up $1.42 at $18

The New York Post reported that private equity firm Apollo Management was preparing an offer for the discount chain.

Hewlett-Packard Co., up 85 cents at $24.45

Shares of the technology company rebounded following last week’s sell-off after announcing it would restructure its business.

Bank of America Corp., down 55 cents at $6.42

Analysts at Wells Fargo cut their price target on the bank’s stock to $7-$9 from $10-$12 citing recessionary fears.

Under Armour Inc., up $3.21 at $55.99

A Canaccord analyst initiated coverage of the athletic clothing maker with a “Buy” rating saying the company has a strong future.

Boeing Co., up 84 cents at $58.38

The aircraft maker said it won a $1.64 billion helicopter contract and, reportedly, Delta may be planning to buy 100 Boeing jets.

Suntech Power Holdings Co. Ltd., down 3 cents at $5.07

The solar energy said its second-quarter loss widened, but sales of its solar panels were higher than analysts expected.


Sanderson Farms Inc., down $1.41 at $39.03

A weekend Barron’s article warned that rising feed costs and weak demand could hit the chicken producer’s stock.

Travelzoo Inc., up $1.62 at $34.17

The travel deal website said that it will buy back up to 500,000 shares of its common stock.