Friday's late-moving stocks
Alltel, Avon, Krispy Kreme and Red Hat among active issues.
NEW YORK (CNNMoney.com) -- Here are some stocks that were moving in late trading Friday:
AutoNation Inc. (Charts), the nation's leading auto dealer holding company, announced it would cut its orders by 30 percent from General Motors, Ford Motor Co. and the Chrysler Group unit at DaimlerChrysler, suggesting that further production cuts could be ahead for the Big Three.
Avon Products Inc. (Charts) reported a nearly 50 percent decline in quarterly results Friday; the cosmetics maker said it would enact more cost-cutting measures including scaling back the number of products it sells by 25 to 40 percent.
Krispy Kreme Doughnuts Inc. (Charts) was given an 'outperform' rating by Prudential Equity Group, which initiated coverage on the doughnut maker Friday, saying it possessed high brand loyalty and a business model that can produce high returns.
Sun Microsystems Inc. (Charts) reported it had narrowed its losses, while revenue rose 17 percent, helped by acquisition of StorageTek and growth in its services business, the company said late Thursday.