MGM Mirage, Wal-Mart, Rite Aid are big movers
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:
NYSE
MGM Mirage, down 83 cents at $10.80
Cutting costs helped the casino operator narrow its fourth-quarter loss, which was still greater than analysts expected.
Zenith National Insurance Corp., up $8.96 at $37.87
Canadian financial services holding company Fairfax Financial Holdings Ltd. said it will buy all of the U.S. insurer's shares.
Wal-Mart Stores Inc., down 59 cents at $53.47
The discounter felt the pinch of the recession during the fourth quarter as quarterly sales fell at U.S. stores for the first time.
Rite Aid Corp., up 15 cents at $1.54
A UBS analyst said the company might be a takeover target for rivals Walgreen Co., CVS Caremark Corp. or Wal-Mart Stores Inc.
Goodyear Tire & Rubber Co., up 40 cents at $14.30
The tire company reported a fourth-quarter profit that easily beat most expectations, helped by growing sales in emerging markets.
NASDAQ:
NVIDIA Corp., down $1.17 at $16.67
The graphics chip maker reported strong fourth-quarter results, but a buildup in inventory appeared to spook investors.
Xenoport Inc., down $12.93 at $6.67
The drug developer and its partner GlaxoSmithKline said the Food and Drug Administration is delaying approval of its drug Horizant.
Priceline.com Inc., up $20.08 at $232.95
The online travel company said its fourth-quarter profit more than doubled, while an analyst applauded its name-your-own-price model.
Copyright 2010  AP Features
