Ford, BorgWarner, Wynn, Conn's are big movers

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

NYSE

Ford Motor Co., up 17 cents at $2.46

The automaker predicted industry car and truck sales fell to 13.5 million in 2008, a nearly 20 percent drop from a year earlier — but that forecast was optimistic compared to others.

BorgWarner Inc., up $1.19 at $22.96

The automotive supplier rejected a mini-tender offer from private-equity firm TRC Capital, saying it undervalued shares.

Visteon Corp., unchanged at 35 cents

The automotive supplier said it will shift more than 2,000 workers to a four-day week and cut their pay by 20 percent.

Dynegy Inc., up 38 cents at $2.38

The power producer said it will dissolve a joint venture with LS Power Associates due to constrained credit markets.

NASDAQ

Wynn Resorts Ltd., up $5.16 at $47.42

An analyst said shares of the casino and those of Las Vegas Sands are priced right, despite a slowdown at Macau properties.

Conn's Inc., up 90 cents at $9.38

The home appliance retailer is expected to post "solid" same-store sales in December, according to a Stephens Inc. analyst.

National Instruments Corp., down 47 cents at $23.89

The software maker lowered its fourth-quarter sales and earnings results below previous estimates and Wall Street expectations.

Evergreen Solar Inc., up 24 cents at $3.43

Shares rose, even after Piper Jaffray lowered its first-quarter estimates for Evergreen and four other solar companies due to demand concerns.

 

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