Tuesday, 13 March 2012

Home Depot Among Wall Street Big Movers

NEW YORK - Stocks that were moving substantially or trading heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Home Depot Inc., down $2.09 at $36.22

The home improvement goods retailer said it expects to pay $37 a share in a $10.7 billion stock buyback. That's a little less than half its goal of buying back $22.5 billion in stock, and the price per share is at the low end of the previously announced per-share range of $37 to $42.

Advanced Micro Devices Inc., up 25 cents at $13.25

The chip maker got an upgrade to "Neutral" from "Underperform" from a Credit Suisse analyst, who cited a strong PC market.

NovaStar Financial Inc., down $1.58 at $6.91

The mortgage lender announced it was tightening lending, laying off more than 30 percent of its work force, and pulling a $101 million stock offering.

NASDAQ

Leap Wireless International Inc., up $11.78 at $84.28

In a bid valued at about $5.12 billion, MetroPCS Communications Inc. offered $75.05 worth of its own stock for each share of the cell phone service provider.

Yahoo Inc., up $1.22 at $23.95

A Bear Stearns analyst named the Web portal a "Top Pick," citing branding initiatives, takeover and strategic partnership talks, and the company's new advertising monetization platform, Panama.

ASE Test Ltd., up $2.63 at $14.40

The Taiwanese semiconductor testing services company said ASE Inc., which owns a majority of the company, will take the company private by buying the shares it doesn't directly or indirectly own in a transaction valued at about $784 million.

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