Midday movers: Wal-Mart, Ford, Nokia

Stocks are mixed as a slightly worse-than-expected US weekly jobless claims report is balanced by strong export data from China.

By MSN Money Partner Jan 10, 2013 2:39PM
Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Wal-Mart (WMT) shares slid nearly 1% after two congressmen suggested that the company's current CEO knew as early as 2005 about bribery allegations against the retailer in Mexico.

Ford (F) rose 2.5% after the company doubled its quarterly dividend to 10 cents per share.

Supervalu (SVU) rose almost 13% after the company reported a quarterly profit on sales that were roughly in-line with expectations, but more importantly agreed to sell its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market chains to a Cerberus-led consortium in a transaction valued at $3.3 billion.

Shares of  Transcept Pharmaceuticals' (TSPT) rose 3% after the FDA said recommended doses of the company's Intermezzo, a drug approved for middle-of-the-night awakenings, are not changing.  

Among the notable market gainers Thursday was Nokia (NOK), which surged over 18% after announcing its Mobile Phones business unit and Lumia portfolio delivered better-than-expected results in Q4 and operating expenses were lower than expected. 

Also higher were shares of Urban Outfitters (URBN), up 4% after it reported a 9% increase in comparable retail segment net sales during the holiday season and research firm Piper Jaffray raised its price target on the shares. 

Among the noteworthy losers were Molycorp (MCP), down 21% after forecasting lower-than-expected 2013 revenue and cash flow, and Aeropostale (ARO), down 6% after cutting its Q4 profit view and having shares downgraded to "hold" at Brean Capital.
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