Circuit City, Wachovia Big Market Movers

By: AP
By: AP

NEW YORK (AP) -- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:


Circuit City Stores Inc., up $1.07 at $4.97

Movie rental chain Blockbuster Inc. offered $1.01 billion, or at least $6 per share, for the struggling No. 2 electronics retailer.

Wachovia Corp., down $2.26 at $25.55

The bank swung to a surprising first-quarter loss of $383 million and said it will slash its dividend and cut 500 jobs.

Delta Air Lines Inc., up 47 cents at $10.48

Talks are continuing of a possible combination of the carrier and Northwest Airlines, which would create the world's largest airline.

CapitalSource Inc., up $1.44 at $11.92

The commercial lender is buying the retail banking operations of Fremont General to shore up and diversify its portfolio as credit markets tighten.

Carpenter Technology Corp., down $9.44 at $49.86

The metals company forecast a lower third-quarter profit that will miss Wall Street expectations because of high costs and low demand in the automotive markets.

Scotts Miracle-Gro Co., down 88 cents at $33.56

A recall of wild bird food and a late start to the spring gardening season caused the lawn products company to forecast a lower fiscal second-quarter profit.

Pilgrim's Pride Corp., up 81 cents at $19.91

To offset record-high feed costs, the biggest chicken processor nationwide will lower weekly production by 5 percent in the second half of 2008.


Clayton Holdings Inc., up 90 cents at $5.72

The mortgage debt consultant has agreed to be purchased by an affiliate of private equity firm Greenfield Partners LLC for about $132.6 million, or $6 per share.

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