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HP, Kohl's, Morgan Stanley are market movers

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[September 24, 2011]  NEW YORK (AP) -- Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

  • Hewlett-Packard Co., down 48 cents at $22.32

    Investors worried that the tech company's newly named CEO, Meg Whitman, may not be the right person to turn the company around.

  • Kohl's Corp., up $1.55 at $46.18

    The retailer's new fashion lines by Jennifer Lopez and Marc Anthony could hit $520 million in sales in a year, a Citi analyst said.

  • Morgan Stanley, up 66 cents at $13.72

    A BernsteinResearch analyst said the bank's exposure to a the European financial crisis may not be as great as had been believed.

  • Tidewater Inc., down $4.51 at $46.05

    The transporter of vessels for offshore oil drillers said that its second-quarter vessel revenue will be less than expected.

Nasdaq

  • Finish Line Inc., up $1.91 at $20.34

    The sporting goods retailer said its second-quarter net income rose thanks to strong sales in stores open at least a year.

[to top of second column]

  • Tibco Software Inc., up $1.40 at $22.37

    The company said that its earnings jumped 36 percent as demand for its business software rose, beating Wall Street expectations.

  • Dish Network Corp., up $1.36 at $26.76

    The satellite broadcaster said it is offering movie and TV show streaming to its subscribers through its Blockbuster unit.

  • Kona Grill Inc., down 34 cents at $5.86

    The operator of 23 casual restaurants in the U.S. said it closed one of its Texas restaurants because it was underperforming.

[Associated Press]

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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