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Petrobras, Target, Tibco among big market movers

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[September 25, 2010]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

  • Petroleo Brasileiro SA, down 67 cents at $34.92

    Brazil's state-run energy company, known as Petrobras, raised $70 billion in the world's largest share offering ever.

  • Target Corp., up $1.28 at $55.05

    The discount retailer will begin carrying six models of Apple Inc.'s popular iPad tablet this holiday shopping season.

  • KB Home, up 40 cents at $12.11

    The homebuilder posted a narrower quarterly loss thanks to fewer charges and higher revenue, but its backlog shrank.

  • Dollar Thrifty Automotive Group Inc., down $1.31 at $51.03

    Hertz Global Holdings said it would not top a bid from rival Avis Budget Group for the car rental agency.

  • Nike Inc., up $1.90 at $79.57

    The athletic shoe and apparel maker reported quarterly net income that surpassed expectations despite rising costs.

NASDAQ

  • Tibco Software Inc., up $2.06 at $18.43

    The business software maker posted stronger-than-expected quarterly results and bought software company OpenSpirit.
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  • Finish Line Inc., down $1.44 at $14.25

    The athletic goods retailer said its inventory levels were too low and its quarterly profit fell short of expectations.

  • Vical Inc., down 60 cents at $2.27

    The drug developer priced a stock offering two days after a drug it discovered failed in a late-stage clinical trial.

[Associated Press]

Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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