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Freddie Mac, Darden, Chico's are big movers
By: iStockAnalyst   Tuesday, August 26, 2008 4:08 PM
Symbols: APC, CHS, COCO, DAKT, DRI, FRE, LUV, MRVL, RIMM
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(Source: Associated Press/AP Online)trackingNEW YORK - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Freddie Mac, up 66 cents at $3.95

An analyst predicted the company has enough capital to absorb losses from problem mortgages, helping assuage investors' concerns about a possible bailout.

Darden Restaurants Inc., down $4.22 at $28.04

The casual dining company cut its first-quarter and full-year profit outlooks, blaming weak same-store sales at the Red Lobster and LongHorn Steakhouse chains.

Chico's FAS Inc., up 53 cents at $5.51

The women's apparel retailer reported its second-quarter profit dropped 83 percent due to slow sales, but the results still beat Wall Street estimates.

Anadarko Petroleum Corp., up $3.25 at $61.09

The oil and gas company plans to buy back shares worth $5 billion and will boost capital expenditures starting in 2009.

Southwest Airlines Co., up 13 cents at $14.93

Southwest plans to cut 190 flights early next year to help protect margins from high gas prices during the seasonally slow winter travel period.

NASDAQ

Corinthian Colleges Inc., down $2.21 at $14

The for-profit education company reported a narrower 2008 loss on higher revenue and student enrollments, and beat analysts' expectations - but the beat was largely due to a lower tax rate.

Daktronics Inc., down 2 cents at $18.09

Shares waffled, even as a boost in fiscal first-quarter profit at the scoreboard and video display supplier topped Wall Street analysts' expectations.

Marvell Technology Group Ltd., down $1.17 at $14.50

An analyst downgraded the stock, saying the chip maker may have lost out on a contract with BlackBerry maker Research in Motion Ltd.


 

 
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