Ford, Office Depot, YRC Worldwide are big movers

Ford, Office Depot, YRC Worldwide, American Electric Power are among big market movers Monday

• By The Associated Press
• On 4:49 pm EST, Monday November 2, 2009

NEW YORK (AP) -- The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange:

NYSE:

Ford Motor Co., up 58 cents at $7.58

The automaker surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011.

Office Depot Inc., down 23 cents at $5.82

An analyst cut his rating on the office products retailer and said he prefers OfficeMax Inc. as an investment.

Denbury Resources Inc., down $1.51 at $13.09

The oil and gas producer will acquire Encore Acquisition Co., while divesting assets and issuing new shares to help fund the purchase.

American Electric Power Co., up 17 cents at $30.39

The power company expects to earn $2.80 to $3.20 per share next year, helped by rate increases and an expected improvement in sales.

Mednax Inc., up $1.85 at $53.77

The health care services company said its third-quarter profit jumped on a boost from existing and new medical businesses.

Domtar Corp., up $3.44 at $45.33

Two analysts upgraded shares of the paper and wood products maker on prospects that strong free cash flow will aid debt reduction.

Brunswick Corp., up 68 cents at $10.16

An analyst upgraded the recreational boat maker and said restructuring plans and other moves should result in operating cost savings.

NASDAQ:

YRC Worldwide Inc., down $2.33 at $1.32

The struggling trucking company launched a debt exchange offer, a move analysts consider a key step to avoid a bankruptcy filing.

Buzz up!