Mead Johnson, KB Home, Neogen are big movers

Published December 23, 2011 by
Business - Wall Street

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

NYSE

Mead Johnson Nutrition Co., down $7.72 at $68.76

Wal-Mart pulled a batch of the company’s infant formula from its stores after a baby given the formula died of a rare infection.

LDK Solar Co. Ltd., up 38 cents at $5.24

A Bloomberg report speculated that the Chinese solar module manufacturer could be bought since its stock price has fallen this year.

KB Home, down 33 cents at $6.89

A Stifel Nicolaus analyst downgraded the homebuilder to “Hold” from “Buy” a day after releasing its fourth-quarter earnings.

Nasdaq

Akamai Technologies Inc., up $4.96 at $31.63

The online content delivery company said it acquired privately held competitor Cotendo for about $268 million in cash.

Bed Bath & Beyond Inc., down $3.85 at $57.58

The housewares retailer said that its third-quarter profit rose, but it said its fourth-quarter earnings might be lower than expected.

Vera Bradley Inc., up 47 cents at $31.60

In a note to clients, a Baird analyst said that she expects the handbag and accessories company to have “strong holiday sales.”

WCA Waste Corp., up $1.48 at $6.39

The non-hazardous solid-waste services company said that it has agreed to be acquired by an investment fund for about $526 million.

Neogen Corp., down $1.11 at $30.99

The food and animal safety company posted second-quarter profit and revenue results that fell short of what Wall Street expected.

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