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09/18/14 04:19:36 PM
MARKET MOVERS

Movers: E. I. du Pont de Nemours and Company, E. I. du Pont de Nemours and Company

E. I. du Pont de Nemours and Company(DD) : Activist Trian Fund Management has launched campaign to force DuPont to break itself up, citing complex and bloated corporate structure; DuPont says it is committed to cutting costs and increasing value for all shareholders; graph (M)



E. I. du Pont de Nemours and Company(DD) : Lennar Price:$41.40 Chg:+$2.27 % chg: +5.8% Day's high/low: $41.97/$40.69 The home builder's third-quarter earnings topped expectations, giving Wall Street more reason to believe the U.S. housing market is continuing to rebound. The news lifted other home builders' stocks. DuPont Activist investor Nelson Peltz'sTrian Partners sent a letter calling for the company to break itself up, saying its structure as a conglomerate is destroying shareholder value. Trian owns 3% of DuPont. Rackspace Hosting The cloud computing company disappointed investors with its announcement late Tuesday that it will not sell itself and instead will focus on building its business.



 

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