Scholastic, CarMax, Goodrich are market movers

[September 24, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

• Goodrich Corp., up $11.11 at $120.60
  
  United Technologies confirmed it will buy the aerospace and defense company for about $16.4 billion in cash.

• CarMax Inc., down $3.02 at $24.41
  
  The used car dealership chain said a recent economic slowdown and lower customer traffic hurt its second-quarter earnings.

• Vail Resorts Inc., down $3.08 at $36.75
  
  The ski resort, golf course and luxury hotel operator said it lost more money in its fiscal fourth quarter than it did a year ago.

• Red Hat Inc., down $1.20 at $41.49
  
  The open source software solutions company said its second-quarter net income rose 69 percent on higher demand for its services.

Nasdaq

• Diamond Foods Inc., down 78 cents at $91.13
  
  A Jefferies analyst downgraded the snack maker's rating saying it needs to work hard to integrate recently acquired Pringles.

• Logitech International SA, down $1.02 at $7.72
  
  After reviewing its business, the computer mouse and keyboard maker cut its profit forecasts citing current economic conditions.

• Bed Bath & Beyond, Inc., up 36 cents at $57.84
  
  The housewares retailer, which also owns buybuy Baby, said that its fiscal second-quarter profit jumped 26 percent as sales rose.

• Scholastic Corp., up $1.77 at $27.68
  
  The publisher said it narrowed its loss in the latest quarter thanks to strong sales of children's books like "The Hunger Games."

[Associated Press]

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.