Pharmasset, RIM, Regeneron are big market movers

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

NYSE

Mattel Inc., down 63 cents at $27.76

The toy maker's cheif executive Robert Eckert will retire at the end of the year and be replaced by its chief operating officer.

Cooper Industries PLC, up $1.37 at $53.51

The electrical products maker is being added the S&P 500 Index, replacing asset-management company Janus Capital Group.

Nasdaq

Pharmasset Inc., up $61.47 at $134.14

Gilead Sciences agreed to buy the drug developer for about $11 billion in a big bet on its experimental hepatitis C treatments.

Expedia Inc., down 56 cents at $26.90

The online travel company bought Renren Inc.'s interest in Chinese online travel company eLong Inc. for about $72.4 million.

BSD Medical Corp., up 44 cents at $3.06

The cancer treatment developer said that the Food and Drug Administration approved its device that helps treat cervical cancer.

Regeneron Pharmaceuticals Inc., up $5.19 at $55

The biopharmaceutical company said that the Food and Drug Administration approved its treatment for age-related vision loss.

Research In Motion Ltd., down 83 cents at $17.36

A JMP Securities analyst downgraded the BlackBerry maker's stock rating saying that it faces competition from cheaper smartphones.

First Cash Financial Services Inc., down $1.39 at $35.62

A Sterne Agee analyst lowered the pawn shop operator's price target to $36 saying clients might not be able to pay off loans in a weak economy.

[Associated Press]

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