Intel, Netflix, ING are big market movers

[December 13, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Vulcan Materials Co., up $5.15 at $38.70

Martin Marietta Materials launched a hostile takeover bid for the rival construction materials company with a $4.74 billion stock offer.

Salesforce.com Inc., down $7.81 at $116.07

A Cowen analyst downgraded the cloud-computing company's stock citing slower growth and an increase in competition.

ING Groep NV, down 68 cents at $7.15

The Dutch bank and insurer said it will launch offers to buy back $7.7 billion of its own debt trading below face value.

Ferrellgas Partners L.P., down $1.04 at $19.79

A Raymond James analyst downgraded the propane company's stock, saying that it could have trouble paying its large amount of debt.

Nasdaq

Intel Corp., down $1.01 at $24

The chip maker cut its fourth-quarter revenue outlook to below Wall Street's expectations due to shortages of hard disk drives.

Endo Pharmaceuticals Holdings Inc., up $2.03 at $36.04

Federal regulators approved a new version of the drug company's pain treatment which comes with patent protection until 2023.

Netflix Inc., up $4.37 at $75.26

A story by DealReporter said that Verizon might try to buy the video subscription company instead of building a rival service.

Diamond Foods Inc., down $9.26 at $31.30

The snack food maker said that it will delay filing its fiscal first-quarter results due to an ongoing accounting investigation.

[Associated Press]

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