Nike, Oracle, Cintas are big movers

[December 22, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Nike Inc., up $2.72 at $96.35

The athletic shoe and clothing company said second-quarter profit rose 3 percent on strong demand and higher prices for its products.

Delphi Financial Group Inc., up $18.57 at $44

Insurance company Tokio Marine Holdings Inc. said it is buying the financial services company in a deal valued at $2.7 billion.

Shaw Group Inc., up $3.64 at $26.30

The engineering and construction company's first-quarter earnings topped Wall Street expectations for profits and revenue.

Walgreen Co., down 13 cents at 33.37

The drugstore chain's first-quarter earnings fell due to a slow flu season and its split with the Express Scripts pharmacy network.

Nasdaq

Cintas Corp., up $2.91 at $34.19

The business uniform supplier upped its 2012 outlook and easily topped Wall Street expectations for the second quarter.

Oracle Corp., down $3.40 at $25.77

The business software maker reported quarterly earnings that missed analyst estimates as the company struggled to close deals.

Research In Motion Ltd., up $1.26 at $13.78

The Wall Street Journal reported that Microsoft and Nokia recently considered making a joint bid for the BlackBerry maker.

Westell Technologies Inc., up 17 cents at $2.25 The telecommunications equipment maker said it is selling its Conference Plus subsidiary for approximately $41 million to Arkadin.

[Associated Press]

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