Dell, Supervalu, Dean Foods are market movers

By The Associated Press

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

NYSE

Supervalu Inc., up 30 cents at $2.68

The Wall Street Journal reported that private equity firm Cerberus is considering multiple options for the grocery store chain.

Dean Foods Co., up 39 cents at $17.53

The food maker is selling its Morningstar Foods unit, which makes creamers, for $1.45 billion to Canadian dairy company Saputo.

Computer Sciences Corp., up $1.21 at $39.27

The information technology services provider said that it is selling its credit services unit to Equifax Inc. for $1 billion.

Nasdaq

Dell Inc., up 42 cents at $10.06

A Goldman Sachs analyst raised his rating on the computer maker's stock to "Buy" and upped its share price target to $13 from $9.

DreamWorks Animation SKG Inc., down 86 cents at $16.27

A Stifel Nicolaus analyst downgraded the film studio's stock rating to "Sell" on the weak international opening for the film "Rise of the Guardians."

Tandy Brands Accessories Inc., up 5 cents at $1.68

The accessories maker signed a deal with luggage maker Samsonite to make gifts under the Samsonite and American Tourister brands.

Deckers Outdoor Corp., up $4.05 at $42.34

A Sterne Agee analyst upgraded shares of the footwear company and maker of Uggs to a "Buy" on hopes for better-selling boots next year.

TPC Group Inc., down $3.28 at $44.75

Specialty chemicals company Innospec said that it is withdrawing its buyout offer for the Houston chemical company.

2012-12-03 22:38:58 GMT