Tyco, Netflix, Goodrich are market movers

Published September 20, 2011 by
Business - Wall Street

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

NYSE

Tyco International Ltd., up $ 1.05 at $44.75

The former conglomerate plans to separate into three publicly-traded companies. It’s the second breakup for the company since 2007.

Goodrich Corp., up $14.71 at $107.60

The Wall Street Journal reported that diversified manufacturer United Technologies Corp. may want to buy the aerospace-systems maker.

Royal Caribbean Cruises Ltd., down 95 cents at $24.27

A Raymond James analyst said that year over year bookings for Caribbean and European cruises has slowed throughout the industry.

JinkoSolar Holding Co. Ltd., down $2.54 at $6.50

The solar power parts maker said it would halt production at a Chinese plant that environmental regulators say is polluting a river.

Ralcorp Holdings Inc., down 96 cents at $75.23

The maker of Raisin Bran and other cereals said that it has again rejected a $5.17 billion takeover bid from ConAgra Foods.

Nasdaq

Netflix Inc., down $11.44 at $143.75

The online movie rental company said it will separate its streaming business and DVD-by-mail business, naming the latter Qwikster.

TiVo Inc., down 40 cents at $10.75

A Caris & Co. analyst downgraded shares of the set-top box maker since its stock has already reached their $11 price target.

Wright Medical Group Inc., up $1.37 at $17.40

The orthopedic device maker said it named Robert J. Palmisano, a medical devices industry veteran, as its new president and CEO.

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