AirTran
+$1.13
6.6%
AirTran Airways Inc. stock jumped to $18.21. The president of Schneider Capital Management told Barron’s he favors the carrier because it operates at a lower cost than its peers.
OfficeMax
+$0.30
1%
OfficeMax Inc. stock advanced to $29.88 after the Itasca-based company was raised to “outperform” from “in-line” by a Goldman Sachs analyst who said office products could weather a slowdown in consumer spending better than other sectors.
Michaels
+$4.39
12.9%
Shares of Michaels Stores Inc. climbed to $38.35. The world’s biggest crafts retailer said it’s exploring a sale of the company and that JPMorgan Chase & Co. has been hired as financial adviser.
WAL MART
+$1.07
2.3%
Shares of Wal-Mart Stores Inc. increased to $47.76. It is being supported in its bid to open an industrial bank by the American Financial Services Association.
Boston Scientific
+$0.88
3.9%
Boston Scientific Corp. stock advanced to $23.50. The company won the endorsement of an independent shareholder advisory firm for its impending $27 billion purchase of Guidant Corp.
Click Commerce
+$2.11
10.2%
Shares of Click Commerce Inc. rose to $22.88 after the Chicago-based provider of electronic-commerce software and services said it doesn’t expect to restate its reported fourth-quarter profit of 79 cents a share.
