Morning Movers 2/17: Financials Lower (BAC, JPM, WFC), General Motors (GM) Down As Plan Due

February 17, 2009 9:55 AM EST

StreetInsider.com Morning Movers:


SIRIUS XM Radio Inc. (Nasdaq: SIRI) 45% HIGHER; Liberty Media Corporation (Nasdaq: LINTA) entered into agreements invest an aggregate of $530 million in the form of loans to SIRIUS XM and its subsidiaries and receive an equity interest in SIRIUS XM.


Lloyds Banking Group PLC (NYSE: LYG) 20% LOWER; Continues recent weakness. Citi downgrades to Hold.

Retalix Ltd. (Nasdaq: RTLX) 19% HIGHER; announced today that, although the Company has not been for sale, the Board of Directors received on February 14, 2009, a non-binding proposal to purchase all the outstanding shares of the Company in a merger transaction for a price of $8.00 per share in cash.

Eagle Bulk Shipping, Inc. (Nasdaq: EGLE) 17% LOWER; Lazard downgrade

Ameren Corporation (NYSE: AEE) 13% LOWER; reports Q4 EPS of $0.45, 9 cents better than the analyst estimate of $0.36. Sees FY09 non-GAAP EPS of $2.75-$3.15, versus the consensus of $3.26. Ameren also cut their quarterly dividned from $0.635 to $0.385 per share.

General Motors (NYSE: GM) 12% LOWER; To submit recovery plan to the government later today and asks for billions more. Negotiations with the UAW and bondholders continue.

Bank of America (NYSE: BAC) 11% LOWER; Financials lower on word it may be weeks before details on the Public-Private Investment Fund.

Excel Maritime Carriers, Ltd. (NYSE: EXM) 11% LOWER; Announces Suspension of Dividend

ArvinMeritor Inc. (NYSE: ARM) 10% LOWER; Panera Bread Co. (Nasdaq: PNRA) will replace ArvinMeritor in the S&P MidCap 400.

JPMorgan Chase (NYSE: JPM) 10% LOWER; Financials lower on word it may be weeks before details on the Public-Private Investment Fund.

Deere & Co. (NYSE: DE) 7% LOWER; Goldman downgrade to Sell

Wells Fargo & Company (NYSE: WFC) 7% LOWER; Financials lower on word it may be weeks before details on the Public-Private Investment Fund.

Crucell NV (Nasdaq: CRXL) 7% LOWER; RBS downgrade

Google Inc. (Nasdaq: GOOG) 3.5% LOWER; ThinkEquity downgrades

SPDR Gold Shares (NYSE: GLD) 3.1% HIGHER; Gold moves higher

DreamWorks Animation (NYSE: DWA) 2.2% LOWER; Goldman downgrades to Neutral

Diamond Offshore Drilling Inc. (NYSE: DO) 2.8% HIGHER; will replace Weatherford International Ltd. (NYSE: WFT) in the S&P 500


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Stocks Mentioned

AEE 24.68

-0.07 -0.28%
Volume: 1,345,064
Track AEE

ARM 7.90

+0.01 +0.13%
Volume: 1,519,515
Track ARM

BAC 15.05

-0.08 -0.53%
Volume: 152,280,652
Track BAC

CRXL 21.18

+0.00 +0.00%
Volume: 480,577
Track CRXL

DE 47.16

-0.95 -1.97%
Volume: 4,667,922
Track DE

DO 97.20

-1.45 -1.47%
Volume: 2,357,252
Track DO

DWA 33.05

-0.24 -0.72%
Volume: 440,661
Track DWA

EGLE 4.69

-0.12 -2.49%
Volume: 1,524,098
Track EGLE

EXM 5.96

-0.14 -2.30%
Volume: 1,047,397
Track EXM

GLD 107.43

+0.45 +0.42%
Volume: 14,788,990
Track GLD

GM 1.43

+0.00 +0.00%
Volume: 341,588,570
Track GM

GOOG 551.10

+2.45 +0.45%
Volume: 1,826,705
Track GOOG

JPM 43.48

-0.39 -0.89%
Volume: 27,144,828
Track JPM

LYG 5.63

+0.15 +2.74%
Volume: 1,780,682
Track LYG

PNRA 61.39

-0.02 -0.03%
Volume: 204,843
Track PNRA

RTLX 12.26

+0.24 +2.00%
Volume: 10,634
Track RTLX

WFC 27.12

-0.17 -0.62%
Volume: 37,612,148
Track WFC

WFT 17.72

-0.17 -0.95%
Volume: 11,453,886
Track WFT


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