f0641 BC-US-WallStreetStocks 07-16 0337
CIT, Discover Financial, Intel are big movers
NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
CIT Group Inc., down $1.23 at 41 cents
Investers fear the commercial lender may have to file for bankruptcy protection after the government refused it emergency funding.
Nokia Corp., down $2.22 at $13.46
The No. 1 handset maker’s sales and profit sank in the second quarter, and the Swedish company nixed its goal to gain market share.
Harley-Davidson Inc., up $1.47 at $18.96
The motorcycle maker’s profit sank 91 percent as retail sales tumbled in the second quarter, but it will cut costs through layoffs.
Marriott International Inc., down $1.36 at $20.44
The hotel company’s full-year outlook fell short of Wall Street expectations as curtailed corporate travel budgets hit revenue.
MGIC Investment Corp., up 76 cents at $4.70
Amid swelling losses, the mortgage insurer plans to invest up to $1 billion in a subsidiary, which will take over new underwriting.
Resources Connection Inc., down $2.12 at $15.41
The staffing services provider said falling sales and restructuring charges led to a loss in its fourth quarter.
Palm Inc., up 14 cents at $15.06
The smart phone maker had touted its new Pre’s ability to sync to iTunes music-playing software, but Apple Inc. shut that connection down.
SanDisk Corp., up $1.47 at $17.67
An analyst raised estimates on the flash memory card maker, saying it increased market share and had a strong second quarter.