Dow Chemical, eBay, and 3M are big market movers

NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market:


The Dow Chemical Co., up 92 cents to $39.98

The chemical company said it is looking to spin off or sell about 40 manufacturing plants.

Sotheby’s, up 96 cents to $52.22

The auction house said that a modern and contemporary art auction in Beijing brought in more than $37 million.

3M Co., down $5.83 to $127.68

A Morgan Stanley analyst lowered his investment rating for the maker of glues, adhesives and Post-it notes, citing slower growth.

Forest Laboratories Inc., up $5.01 to $56.32

The drugmaker said that it plans to cut 500 jobs as part of a plan to trim $500 million in costs over the next two years.

American Eagle Outfitters Inc., up 1 cent to $16.28

A Janney Capital Markets analyst raised her investment rating for the teen retailer and said it may take back market share next year.


Deckers Outdoor Corp., up $1.32 to $83.96

A Canaccord analyst says demand for the footwear maker’s Ugg boots seemed strong during the weekend despite few promotions.

OpenTable Inc., down $2.98 to $80.59

A Goldman Sachs analyst lowered his investment rating for the online restaurant reservations provider to “Neutral” from “Buy.”

eBay Inc., up 83 cents at $51.35

A Stifel Nicolaus analyst said that he thinks the online retailer’s sales grew during the Thanksgiving holiday weekend.