Boston Beer, CVS, Best Buy are big market movers

Last Updated: Thu, Dec 13, 2012 22:45 hrs

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:


Boston Beer Co. Inc., down $17.71 at $131.94

The brewer of Samuel Adams beer boosted its full-year 2012 earnings forecast to a level above what Wall Street expected.

Best Buy Co. Inc., up $1.94 at $14.12

Media reports said that the founder of the electronics retailer may make a bid for the company for as much as $6 billion.

Pep Boys - Manny, Moe & Jack, up 33 cents at $10.07

The automotive retail chain said that its board of directors approved a program to repurchase up to $50 million of its common stock.

Brinker International Inc., up 82 cents at $31.59

Citing its growing market share, a Citi analyst began coverage of the restaurant operator and Chili's owner with a "Buy" rating.

CVS Caremark Corp., up 96 cents at $48.50

The drugstore operator issued a 2013 profit prediction above expectations and announced an increase to its quarterly cash dividend.


Clearwire Corp., up 41 cents at $3.16

Wireless carrier Sprint Nextel Corp. offered to buy out the minority shareholders of the wireless network operator for $2.1 billion.

Rigel Pharmaceuticals Inc., down $2.92 at $5.51

Rigel and its partner AstraZeneca reported that their experimental rheumatoid arthritis drug performed worse than Abbott's Humira.

Zagg Inc., up 71 cents at $7.82

The mobile device accessories maker announced that its board of directors approved a $10 million share-repurchasing program.

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