Netflix, AK Steel, AMD are big movers
NEW YORK (AP) - Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:
Advanced Micro Devices Inc., up 11 cents at $4.05
An article in Barron's said that the chipmaker's stock could rise substantially if its acquisition of SeaMicro is a success.
AK Steel Holding Corp., down 12 cents at $3.45
The steel company said that it will likely post a larger-than-expected second-quarter loss due to higher tax costs.
Netflix Inc., up $15.24 at $229.23
The online streaming company signed a deal to run original programs from animation studio DreamWorks Animation SKG Inc.
Orchard Supply Hardware Stores Corp., up 23 cents at $2.11
Lowe's Cos. Inc., the home improvement retailer, offered to buy rival Orchard Supply Hardware for about $205 million in cash.
Kandi Technologies Group Inc., up $1.52 at $7.79
The electric vehicle developer said that a Chinese city is building a new vehicle sharing program that will use its vehicles.
Micron Technology Inc., up 48 cents at $13.24
A Citi analyst reiterated that the memory chip maker's stock is on his "Top Pick" list and raised its target price to $19 from $13.50.
Carrizo Oil & Gas Inc., up $1.99 at $28.15
Shares of the energy company rose after the company boosted its oil production guidance for the second quarter.
Synergy Pharmaceuticals Inc., up 16 cents at $4.77
A Citi Investment Research analyst started covering the drug developer's stock with a "Buy" rating based on its constipation drug.
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