Circuit City, Wachovia Big Market Movers

Mon Apr 7, 2008 1:03 PM EDT

business, wall-street, stocks, wall, street, new-york-stock-exchange, nasdaq-stock-market

NEW YORK — Stocks that are moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Circuit City Stores Inc., up $1.11 at $5.01

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 $2.75 at $25.06

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 24 cents at $10.25

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

CapitalSource Inc., up $1.70 at $12.18

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 $10.29 at $49.01

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 99 cents at $33.45

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 66 cents at $19.76

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

NASDAQ

Clayton Holdings Inc., up 94 cents at $5.76

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.