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Author
Associated Press
Date
September 3, 2013

LeapFrog and Verizon are big market movers

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

NYSE

Verizon Communications Inc., down $1.37 to $46.01

The telecom giant spends $130 billion for the remaining 45 percent of its joint-venture with British cell phone carrier Vodafone.

LeapFrog Enterprises Inc., down 71 cents to $8.91

The stock is downgraded by BMO Capital Markets, which says the education technology company’s newest pad has bugs.

Key Energy Services Inc., up 40 cents to $7.07

The onshore drilling company’s stock is upgraded by Barclays Capital.

CBS Corp., up $2.40 to $53.50

The broadcaster is perceived as the overall winner after a monthlong standoff with Time Warner Cable.

Nasdaq

Microsoft Corp., down $1.52 to $31.88

The software company is buying Nokia smartphones and patents to vault into the lucrative mobile computing market and gear up for a fight with Apple.

Cytokinetics Inc., down $2.82 to $7.65

The biopharmaceutical company’s heart failure drug did not meet the main goal in a clinical trial.

BlackBerry Ltd., up 9 cents to $10.21

The stock rallies on hopes that the Microsoft-Nokia deal boosts chances that the smartphone maker will be acquired as it continues evaluating “strategic alternatives.”

BioScrip Inc., down 78 cents to $11.42

Patricia Bogusz, a finance executive at the medical and pharmacy services company, sold 39,687 shares at $11.94 per share.

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