Goodyear, Imax, Gap are market movers

[February 15, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Goodyear Tire & Rubber Company, down 72 cents at $13.25

The tire maker said it returned to profitability in its fourth quarter, but its results fell short of Wall Street expectations.

Bank of America Corp., down 27 cents at $7.98

A Citi analyst lowered his rating on the bank saying he believes other analysts are too optimistic about its two-year profit growth.

Imax Corp., up $2.46 at $24.53

The big-screen theater company said it made $55 million in box office sales in the first quarter, up from $38 million last year.

Gap Inc., up 62 cents at $22.34

A Citi analyst upgraded the retailer's stock rating to "Buy" saying that the company's Gap division should see improvement.

Coach Inc., up 83 cents at $75.82

A Jefferies analyst increased his price target on the luxury handbag maker's stock by $10 to $90 saying its men's line is growing.

Rackspace Hosting Inc., up $6.22 at $55.45

Shares of the cloud-computing services provider reached an all-time high after posting fourth-quarter results that beat expectations.

Nasdaq

Fossil Inc., up $15.32 at $119.82

Higher sales of its watches and leather goods helped the watch maker's fiscal fourth-quarter net income rise 22 percent.

Great Lakes Dredge & Dock Corp., up 76 cents at $6.89

The dredging services provider said it is working with dredging company DEME on a project in Australia worth about $1.2 billion.

[Associated Press]

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