Chevron, Walgreen, RIM are market movers

[September 28, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

• Chevron Corp., up $2.05 at $93.54
  
  A Raymond James analyst reiterated his "Strong Buy" rating on the oil company after it got approval for a new platform off Australia.

• RealD Inc., up 71 cents at $12.22
  
  A Merriman Capital said the 3D technology company is a takeover target, or may be taken private, since its shares are so low.

• Ivanhoe Mines Ltd., up $2.53 at $17.08
  
  Miner Rio Tinto PLC said it bought another 3.7 million shares of the gold and copper miner, raising its stake to 49 percent.

• Walgreen Co., down $2.26 at $33.77
  
  The drugstore operator's earnings met expectations, but it said there was no progress in extending a lucrative deal with Express Scripts.

• Cliffs Natural Resources Inc., up 70 cents at $60.77
  
  The Cleveland-based mining company said it is closing and selling an underperforming biomass production plant in Michigan.

• Las Vegas Sands Corp., up $1 at $44.69
  
  A Deutsche Bank analyst said casinos in Macau, the only place gambling is legal in China, could see their revenues rise in October.

Nasdaq

• Research In Motion Ltd., up 97 cents at $22.65
  
  Shares of the BlackBerry maker rose after rumors spread that billionaire investor Carl Icahn has bought a stake in the company.

• Rush Enterprises Inc., up 45 cents at $15.85
  
  Morgan Keegan upgraded the commercial vehicle dealership operator saying that it may benefit from a higher demand for heavy trucks.

[Associated Press]

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