-$3.76
10.1%
Shares of Archer Daniels Midland Co. had their biggest percentage drop in three years, falling to $33.52. The Decatur, Ill.-based grain processor was downgraded to “hold” from “buy” by Citigroup, which cited damage to this year’s corn crop because of flooding in the Midwest.
$3.05
5.2%
Anheuser-Busch Cos. shares advanced to $61.40, their highest level ever. InBev NV offered to pay $65 a share for the maker of Budweiser beer.
-$4.85
10.5%
Corn Products International Inc. stock tumbled to $41.28. The Westchester-based corn refiner was cut to “market perform” from “outperform” by analysts at BMO Capital Markets. Shares, however, are up 27 percent since late January.
$6.25
9.9%
Shares of Cummins Inc. surged to $69.38. The Columbus, Ind.-based manufacturer of truck engines benefited from Caterpillar Inc.’s announcement that it would stop manufacturing heavy-duty truck engines for the U.S. market.
-$3.73
23.7%
KeyCorp shares had their biggest percentage drop ever, plunging to $11.98. The Ohio bank said it would cut its dividend in half and would take a more than $1 billion second-quarter charge after it lost a case involving taxes.
$0.89
20.5%
Stock of National City Corp. had its biggest percentage gain ever, rising to $5.23. Ohio’s biggest bank’s rating was raised to “buy” from “hold” by Sandler O’Neill & Partners.
