Home / Business / Marathon Oil, Corning rise; Juniper Networks and Alcoa dip
Trading Floor at the New York Stock Exchange. (Image: Scott Beale / Laughingsquid.com via Flickr)

Marathon Oil, Corning rise; Juniper Networks and Alcoa dip

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq stock market:


Alcoa Inc., down 26 cents to $9.48

The aluminum producer’s revenue was weaker than expected and Alcoa said it may cut even more jobs.

Juniper Networks Inc., down $1.83 to $23.06

The computer network equipment maker cut its quarterly projections because of weaker demand from some businesses and project delays from telecommunications customers.

Marathon Oil Corp., up $1.45 to $13.12

The oil company said it will sell its assets in Wyoming to Merit Energy for $950 million.

HP Inc., up 9 cents to $12.22

Market research firm IDC said personal computer sales continued to slump in the first quarter, and Dell surpassed HP in sales.

Corning Inc., up 21 cents to $20.83

A Goldman Sachs analyst upgraded the specialty glass maker’s stock rating to “Buy” and said demand from television makers will improve.


Fastenal Co., down $1.60 to $45.34

The industrial and construction fastener maker gave up some of its recent gains after reporting solid first-quarter results.

Starbucks Corp., down $1.40 to $59.50

A Deutsche Bank analyst downgraded the coffee chain’s stock to “Hold,” saying it’s trading at a fair price and investor expectations are high.

Horizon Pharma PLC, down $4.80 to $13.42

The drugmaker backed its guidance but investors were disappointed with its projections for the early part of the year.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Leave a Reply

Your email address will not be published. Required fields are marked *