GO
Loading...

Enter multiple symbols separated by commas

Hot Stocks: Kodak, Hoku Scientific Among Thursday's Big Movers

Analyst actions and corporate announcements were some of the catalysts behind the most actively traded stocks on Thursday.

Shares of Eastman Kodak rose after the world's largest photographic film maker said it developed digital camera technology that eliminates the need for flash. Kodak said its new sensor technology increases light sensitivity two to four times more than current digital cameras.

The company said the development "addresses one of the great challenges facing our industry -- how to capture crisp, clear digital images in a poorly lit environment."

Hoku Scientific announced a contract award worth approximately $678 million. The Hawaii-based solar panel components makers said it won a 10-year supply contract with Chinese solar panel maker Suntech Power Holdings.

Clearwire said on Thursday it entered into distribution agreements with DirecTV Group and EchoStar Communications. The two satellite TV providers will offer Clearwire's Internet service to their customers.

Shares of auto insurance firm Progressive announced a new stock buyback plan and issued a special dividend of $2 a share. Progressive, the third largest car insurer in the United States said the repurchase plan of 100 million shares will be added to the 8.3 million share authorization remaining from its 2006 plan.

Ilumina ticked higher after Bear Stearns upgraded the stock to "outperform" from "peer perform" and said the company could see earnings growth of 50% in 2009. "This is being driven by strong genetic research trends, where Ilumina is quickly becoming the leading provider of enabling technologies," wrote analyst Stephen Unger.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.