Rite Aid, Scholastic, WebMD are big movers

[December 16, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Rite Aid Corp., up 4 cents at $1.18

The drugstore chain said that sales grew in the fiscal third quarter as it signed up 3 million new members to its rewards program.

Martha Stewart Living Omnimedia Inc., up 8 cents at $4.60

The media and merchandising company said it will sell its stake in online wedding planning site WeddingWire Inc. for $11 million.

Nasdaq

Novellus Systems Inc., up $5.67 at $40.37

Semiconductor equipment maker Lam Research Corp. said it is buying its rival, Novellus Systems Inc., for $3.3 billion in stock.

Scholastic Corp., up $1.07 at $26.75

The publishing company said that its second-quarter net income rose nearly 11 percent, boosted by sales of its children's books.

Deckers Outdoor Corp., down $9.13 at $86.46

A Sterne Agee analyst downgraded the footwear maker's stock citing "disappointing" sales of its UGG brand of boots and shoes.

SonoSite Inc., up $11.46 at $53.70

Fujifilm, which makes cameras and medical equipment, said that it is acquiring the ultrasound equipment maker for about $995 million.

WebMD Health Corp., up $3.14 at $37.75

The New York Post reported that four different private equity firms are bidding for the online medical information web site.

BioSante Pharmaceuticals Inc., down $1.64 at 48 cents

The drugmaker said that its potential female sexual dysfunction drug, called LibiGel, failed in two late-stage studies.

[Associated Press]

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