$0.45
4.6%
Shares of Smurfit-Stone Container Corp. rose to $10.34. The Chicago-based firm, the nation’s largest packaging company, was raised to “outperform” from “market perform” by a BMO Capital Markets analyst.
$1.35
5.3%
Tribune Co. stock gained to $27.02. The shares of the owner of the Chicago Tribune rose after the chief investment officer at Harris Private Bank in Chicago said the planned going-private transaction engineered by billionaire Sam Zell is likely to be completed. Shareholders vote on the deal Tuesday.
-$1.12
5.8%
Shares of Lee Enterprises Inc. tumbled to $18.07. The publisher of the St. Louis Post-Dispatch said declining car and real-estate classified sales drove down July advertising revenue.
$1.63
6.1%
Lowe’s Cos. stock climbed to $28.50. The stock rose the most since August 2003 after the home-improvement retailer reported second-quarter profit that beat estimates.
-$4.09
8.2%
Moody’s Corp. stock slid to $45.89. The shares fell the most since April 2006 after the top Republican on the Senate Banking Committee said credit rating companies must “shoulder some responsibility” for subprime-mortgage bonds that have sparked a crisis in credit markets.
$15.4
7 7%
Shares of Research In Motion Ltd. surged to $235.99. Goldman, Sachs & Co. boosted its subscriber estimates for the BlackBerry device and said the stock price didn’t reflect the company’s growth potential.
