NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
Safeway Inc., up $1.61 to $28.20
The grocer is upgraded by Credit Suisse, which sees the potential for divestments and a possible share buyback driving the stock.
Vitamin Shoppe Inc., down $1.10 to $40.86
Sterne Agee downgrades the health retailer, saying competitive pressure has led to a slowdown in store traffic.
Suntech Power Holdings Co. Ltd., up 11 cents to $1.30
David King will step down as CEO of the solar company immediately and Zhou Weiping will take over on an interim basis.
Ulta Salon, Cosmetics & Fragrance Inc., up $17.37 to $117.53
The beauty company’s second-quarter profit jumped 28 per cent on strong growth at its stores.
Regeneron Pharmaceuticals Inc., up $16.37 to $289.97
The stock hits a new high after analysts underscore what they see is the company’s promising pipeline of new drugs.
Intel Corp., up 81 cents to $23.44
Jefferies & Co. upgraded the chipmaker, citing expectations for chips that will use less power and perform at higher levels than competing products.
Oclaro Inc., up 19 cents to $1.65
B.Riley & Co. upgrades the stock after a sale improves the cash position at the telecommunications company and lowers overhead.