Best Buy, Coinstar, Dendreon are big movers

[January 07, 2012]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Best Buy Co. Inc., up 78 cents at $24.22

The electronics retailer said sales in the critical month of December fell, but the company still reaffirmed its annual guidance.

Alcoa Inc., down 20 cents at $9.16

The aluminum producer said it plans to close an aluminum smelter in Tennessee and some operations at a Texas facility to cut costs.

Nasdaq

Jazz Pharmaceuticals Inc., up $3.93 at $45.39

The pharmaceutical company said it expects a larger profit in 2012 after it completes its acquisition of Azur Pharma Ltd.

PriceSmart Inc., down $9.95 at $60.63

The operator of warehouse clubs in Latin America and the Caribbean said its fiscal first-quarter net income fell 6 percent.

Dendreon Corp., up $1.73 at $12.35

Sales of the drug developer's prostate-cancer therapy Provenge climbed to $82 million in the fourth quarter, the company said.

Chelsea Therapeutics International Ltd., down 41 cents at $4.89

The pharmaceutical company offered 4.3-million shares at a 10.4 percent discount to the stock's Thursday closing price to raise funds.

Coinstar Inc., down $2.39 at $40.98

A Morgan Keegan analyst downgraded the company's stock saying its Redbox DVD rental kiosks unit needs a digital streaming strategy.

Regeneron Pharmaceuticals Inc., up $4.85 at $65.79

A Jefferies analyst upgraded the biopharmaceutical company's stock to "Buy" citing strong demand for its vision loss treatment.

[Associated Press]

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