Connect to share and comment

Amazon.com, Nike, Humana, Nokia and Mylan are big market movers

PlacardEnlarge
(Globalpost/GlobalPost)

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

NYSE

Nokia Corp., up 36 cents to $7.58

China approved the sale of the communication company's mobile phone unit to Microsoft, removing one of the last major hurdles for the $7.3 billion deal.

Humana Inc., down 73 cents to $111.27

Medicare Advantage coverage providers slipped after the federal government issued a final rate announcement that some see as another funding cut.

Nike Inc., up $2.09 to $72.92

With the shares down sharply this year, Stifel Nicolaus upgraded the athletic gear maker's stock and set a price target of $87.

CVS Caremark Corp., down 65 cents to 73.18

The drugstore chain finalized a $20 million settlement with regulators over accusations that it misled investors and used improper accounting to boost its performance several years ago.

Nasdaq

Amazon.com Inc., up $9.31 to $327.07

The online retailer turned entertainment hub announced that video streams on its Prime Instant Video almost tripled last year.

Alkermes PLC, up 98 cents to $42.08

The Irish drugmaker said its experimental antipsychotic drug performed better than a placebo in a late-stage clinical study.

DirecTV, up $2.04 to $78.77

The Weather Channel is returning to DirecTV after a three-month dispute that saw the cahnnel dropped to some 20 million U.S. viewers.

Mylan Inc., down 76 cents to $47.64

A sell-off in the generic pharmaceutical company's shares goes on another day after Swedish drug company Meda rebuffed a takeover bid.

http://www.globalpost.com/dispatch/news/the-canadian-press/140408/amazoncom-nike-humana-nokia-and-mylan-are-big-market-movers