Sprint, Lions Gate, Zale are market movers

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


Sprint Nextel Corp., up 21 cents at $3.76

The No. 3 U.S. wireless carrier would benefit if the Justice Department blocked rival AT&T’s $39 billion deal for T-Mobile USA.

Lions Gate Entertainment Corp., down 56 cents at $6.96

Investor Carl Icahn will sell his entire stake for $7 per share, ending a long battle for control of the movie and TV studio.

Zale Corp., down 67 cents at $4.08

The jewelry chain paid more for diamonds, gold and silver in the most recent quarter, deepening its loss even though sales improved.

Salesforce.com, up $5.29 at $128.75

Wunderlich rated the online software company a “Buy,” citing its strong revenue growth, cash stockpile and stable business model.


Joy Global Inc., up $1.08 at $83.45

The mining equipment maker’s quarterly profit grew as strong overseas demand for commodities boosted U.S. mining projects.

Jos. A Bank Clothiers Inc., up $4.03 at $51.30

Higher men’s clothing sales propelled the retailer’s quarterly net income by 25 percent, topping Wall Street expectations.

CardioNet Inc., down 48 cents at $3.29

The Justice Department is investigating allegations that the heart device maker overcharged the government’s Medicare program.

TriQuint Semiconductor Inc., down 58 cents at $7.58

Barclays downgraded the chip maker and cut the price target on its shares. The analyst said TriQuint’s forecast is too aggressive.