HEADLINE STOCKS-Some U.S. stocks on the move on August 11

Tue Aug 11, 2009 10:15am EDT
 
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(Updates to after the open, adds Bridgepoint, QLogic, Broadridge Financial, BP/Martek, Anthracite, PetSmart and Anadys)

NEW YORK, Aug 11 (Reuters) - Some U.S. stocks on the move on Tuesday:

CIT GROUP INC CIT.N, $1.18, down 20.3 pct

The lender has delayed filing its second-quarter report with regulators and said if it could not complete its debt tender or arrange other financing, it would file for bankruptcy. [ID:nN11509084]

MBIA INC (MBI.N), $5.43, down 11.9 pct

JPMorgan downgraded the company to "underweight" from "neutral," writing that the company's losses from risky mortgage securities will eventually overwhelm its capital, leaving little value for equity. [ID:nBNG477765]

JPMORGAN CHASE & CO (JPM.N), $42.17, down 1.2 pct

Robert W. Baird raised its price target on the bank to $50 from $42, saying it was likely to be the first to achieve normalized earnings. [ID:nWNBB3323]

HURON CONSULTING GROUP INC (HURN.O), $13.57, up 0,2 pct

The company is being investigated by the U.S. Securities and Exchange Commission for acquisition-related payments and said it would delay filing its latest quarterly report. [ID:nBNG52558]

AVANIR PHARMACEUTICALS INC (AVNR.O), $3.45, up 58.4 pct

A reformulated version of the company's Zenvia drug reduced emotional outbursts tied to a little-known neurological disorder and met the main goal of a late-stage study. [ID:nN11505629]

BRIDGEPOINT EDUCATION INC (BPI.N), $19.99, up 3.4 pct

The company raised its full-year outlook. [ID:nBNG474621]

QLOGIC CORP (QLGC.O), $14.09, up 5.4 pct

RBC Capital Markets upgraded the company to "outperform," saying it stands to benefit as server and storage demand improves. [ID:nBNG499144]  Continued...

 

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