$1.88
4.4%
Continental Airlines Inc. stock, along with that of other airlines, took off on speculation of a merger between Continental and UAL Corp.’s United Airlines, the world’s second-biggest carrier. The merged company would eclipse AMR Corp.’s American Airlines as the world’s largest as measured by passenger traffic.
$1.48
-6.1%
Alpharma Inc., a maker of generic and brand-name drugs, fell after saying it expects to earn as much as $1.30 a share next year, below an average estimate of $1.53 from four analysts, according to data compiled by Bloomberg.
$0.62
12%
Atmel Corp. rose to $5.90. The maker of chips that control consumer electronics will shrink its non-manufacturing workforce by about 300 through resignations and attrition in addition to losing 1,000 employees by selling plants.
$4.83
-9.8%
Cooper Cos. fell to $44.59. The contact lenses maker said it expects profit, excluding some items, of as much as $3.05 a share in fiscal 2007, lowering its forecast from an earlier prediction of as much as $4.
$9.10
55%
IPG Photonics Corp. rose to $25.60 in its first day of trading. The maker of fiber-optic lasers and amplifiers sold 9 million shares Tuesday at $16.50 each, more than a preliminary price of $13.50 to $15.50, raising $148.5 million.
