Transocean, Netflix, BioSante are market movers

[February 28, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Lowe's Cos. Inc., up 18 cents at $27.34

The home improvement retailer's earnings beat expectations as more homeowners took on renovation projects during the winter months.

Cooper Tire & Rubber Co., up $2.16 at $17.82

The tire company said that its net income more than quadrupled in the fourth quarter mostly because of a large tax-related gain.

Arch Coal Inc., down 41 cents at $13.88

The mining company said that its chief executive, who ran Arch Coal since it was formed in 1997, will be retiring in late April.

Nasdaq

SodaStream International Ltd., up 60 cents at $45.06

A Janney Capital Markets analyst reiterated his "Buy" rating on the soda system maker's stock citing stronger sales in the U.S.

Netflix Inc., down $2.26 at $109.41

A Raymond James analyst downgraded the Internet video service company citing increased competition and slower subscriber growth.

Transocean Ltd. Co., up $2.70 at $53.43

The Swiss offshore rig owner said its fourth-quarter loss grew to $6.12 million from last year, but its revenue soared 14 percent.

BioSante Pharmaceuticals Inc., up 10 cents at 81 cents

The specialty pharmaceutical company said that its pancreatic cancer therapy improved survival in an early clinical trial.

TriMas Corp., up $1.92 at $25.17

The diversified manufacturer said its fourth-quarter profit more than doubled on higher sales of its precision cutting tool.

[Associated Press]

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