Stocks on the move Friday

NEW YORK (CNNMoney.com) -- The following shares were among the most actively traded Friday:

Ann Taylor (up $1.97 to $37.64, Charts) posted better-than-expected quarterly profit on Friday and forecast earnings for the year above the average Wall Street estimate.

Hewlett-Packard (up $0.40 to $40.10, Charts) said its board of directors approved an additional $8 billion to buy back company shares.

Accredited Home Lenders (up $2.83 to $12.26, Charts) announced Friday it had reached an agreement to sell $2.7 billion of loans at a substantial discount to alleviate pressures from margin calls.

Citigroup upgraded M&T Bank (up $1.50 to $116.75, Charts) to "hold" from "sell," according to Briefing.com.

Tanker company OMI (up $2.94 to $25.87, Charts) said it is looking at strategic options including a possible sale.

Goldman Sachs analysts added Starbucks (up $1.21 to $30.80, Charts) to their buy list, saying that concerns about its brand being diluted have weighed too heavily on the stock price.

Schering-Plough (up $0.58 to $23.66, Charts) was upgraded by Merrill Lynch to "buy" from "neutral" on the rationale that it's currently undervalued.

Six Flags (down $0.21 to $6.27, Charts) reported a net loss of $189.7 million in the fourth quarter, saying that attendance fell 16 percent in the three-month period compared to the year earlier.

The Tribune Company (down $0.44 to $29.18, Charts) is re-evaluating the economics of its plan to take on debt to pay a large dividend to shareholders and sell some of its assets, according to report in the Wall Street Journal.

Payment processing company First Data said it had agreed to buy a Wells Fargo (up $0.11 to $34.21, Charts) unit that provides debit card and automatic teller machine payment processing services for community banks and thrifts.

All the latest market news

Fuel, food push prices higher