11/6/2009 5:05 PM
AIG, Magna, Activision Blizzard are big movers
By The Associated Press
The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange:
NYSE:
American International Group Inc., down $3.80 at $35.48
The insurance company had a profitable quarter as the value of its investments rose, but the CEO warned that future results will be choppy.
International Game Technology, up $1.62 at $20.18
Despite a loss in the fourth quarter, CEO Patti Smith said there was an "incremental" improvement in casino operators' demand for the company's slot machines.
Magna International Inc., up $5.80 at $50
Two days after the collapse of the auto supplier's deal to buy General Motors' European division Opel, the Canadian company posted an unexpected profit.
Ormat Technologies Inc., down $2.29 at $36.21
An analyst downgraded the geothermal plant operator, saying 2010 product revenue is uncertain amid delays of several projects.
K12 Inc., up $2.14 at $17.94
Expectations that enrollments will keep rising next year led the educational services provider to issue a higher-than-expected sales forecast.
NASDAQ:
Activision Blizzard Inc., up 38 cents at $11.25
The company's CEO said its "Call of Duty: Modern Warfare 2," which comes out next week, is on track to be the largest video game launch of all time.
American Science & Engineering Co., up $3.57 at $73.92
The X-ray detection system maker's profit jumped 45 percent as security agencies increased their orders.
Nvidia Corp., up 89 cents at $13.16
Strong demand from customers bolstered results at the graphics chip maker, and its sales forecast topped Wall Street expectations.
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(Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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(Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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