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Business

Long Island stocks on move

Traders work on the floor of the New

Traders work on the floor of the New York Stock Exchange. Credit: AP

Here are two Long Island companies whose stocks moved significantly during the week ending July 1, 2011.

Arrow Electronics
(ARW)
Melville
$41.89
(week's change: +14.2%)
52-week return: +88.1%
Deutsche Bank upgraded the electronics distributor -- Long Island's biggest company in terms of revenue -- to "buy" from "hold" with a price target of $48 a share.

American Learning
(ALRN)
Jericho
$2.09
(week's change: -5.4%)
52-week return: +190.3%
The provider of services to children with disabilities and developmental problems posted a wider quarterly net loss and completed a private placement of 164,715 shares at $1.80 each.

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