HEADLINE STOCKS-Some U.S. stocks on the move on July 7
(Updates to afternoon trading, adds Trinity, Blackstone and Steel Dynamics)
NEW YORK, July 7 (Reuters) - Some U.S. stocks on the move on Tuesday:
INTEL CORP (INTC.O)
Bank of America-Merrill Lynch upgraded the company to "buy" from "neutral" as part of a larger call on the semiconductor sector. [ID:nWNAB4817]
Shares of the Dow component slipped 0.1 percent to $16.53.
WEYERHAEUSER CO (WY.N)
The company cut its dividend by 80 percent to 5 cents, writing that the outlook for its businesses continued to remain uncertain. [ID:nN07419305]
Shares fell 4.7 percent to $28.57.
KING PHARMACEUTICALS INC (KG.N)
PAIN THERAPEUTICS INC (PTIE.O)
The pharmaceutical companies may not resubmit their application for their experimental pain drug Remoxy until the middle of next year. [ID:nN07304722]
Shares of King fell 0.6 percent to $9.44 while Pain Therapeutics sank 15.9 percent to $4.61.
TRINITY BIOTECH PLC (TRIB.O)
Shares rose 6.5 percent to $4.75 after U.S. health regulators approved its blood-clot analyzer. [ID:nBNG415234]
BOEING CO (BA.N)
Sanford C. Bernstein raised its price target on Boeing Co (BA.N) to $42 from $40 on an expected economic recovery in 2010 and a modestly higher delivery rate forecast for 2009 and 2010. [ID:nBNG385698] Continued...
