Bank of America, MetLife, EBay, CardioNet are among big market ...

by Bureau News

NYSE:

Bank of America Corp., down $1.13 at $16.46

The bank is looking to pay back some of the billions in federal bailout aid it has received, according to a published report.

MetLife Inc., down $2.79 at $34.97

A Raymond James analyst downgraded the insurer to "Market Perform" from "Strong Buy," citing the company's overvalued stock price.

Alcatel-Lucent, down 14 cents at $3.61

An analyst downgraded the stock on concerns that the company's restructuring efforts may not materially boost margins until late 2010.

Gander Mountain Co., down 68 cents at $26.75

The retailer of hunting and outdoor gear reported a loss on discounts and markdowns related to exiting its boat and ATV categories.

Bally Technologies Inc., down $1.22 at $39.21

The gaming equipment company is picking up share at an unnamed New York racetrack that has a casino, a Goldman Sachs analyst said.

NASDAQ:

EBay Inc., down 46 cents at $21.68

The company is trading control of Skype for about $2 billion, reversing a 2005 acquisition many analysts found puzzling from the start.

Acadia Pharmaceuticals Inc., down $3.84 at $2

A drug candidate failed to meet key treatment goals in a late-stage study focusing on patients with Parkinson's disease psychosis.

CardioNet Inc., down 67 cents at $6.53

The company confirmed a Medicare administrator will slash the amount of money it gives to doctors who use CardioNet products.

Seagate, Ford, Liz Claiborne are big movers NEW YORK — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Seagate Technology, down 36 cents at $6.98 The maker of hard drives cut 1,100 jobs, 2.5 percent of its workforce, as part of a restructuring aimed at saving $125 million a year. Ford Motor Corp., down 5 cents at $4.96 Shares of the auto maker declined again after it annoucing a public stock offering of 300 million shares.

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