$6.19
4.7%
Sears Holdings Corp. stock advanced to $137.87. The Hoffman Estates-based company said it will repurchase $500 million in shares in addition to the $30 million of stock still available under a $1 billion buyback plan announced earlier.
-$1.64
17.8%
Shares of Richardson Electronics Ltd. fell to $7.59, a day after the Lafox-based distributor of components for communications companies said that its president quit, that it found accounting errors at a unit in Italy and that its reports for fiscal years 2003, 2004, and 2005 should not be relied on. It also said it will not file last quarter’s report on time.
-$1.26
3.2%
Shares of Dow Jones & Co. Inc. slipped to $37.85 after the publisher of the Wall Street Journal was downgraded to “sell” from “neutral” by a Merrill Lynch analyst who said the stock trades “substantially above” those of comparable companies.
$5.51
9.7%
SanDisk Corp. stock climbed to $62.42. The world’s largest maker of flash-memory cards for electronics will build a new factory with Toshiba Corp. to meet demand for the devices used in portable music players like the iPod.
$1.12
14.2%
Shares of Tenet Healthcare Corp. jumped to $9.02. A second mistrial declared Tuesday by a federal judge could “set the stage for a settlement with the government,” said a Prudential Equity Group analyst who raised the stock to “overweight” from “neutral.”
