Big movers in the stock market

NEW YORK (AP) â€” Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market. NYSE Kennametal, up 44 cents at $26.31;

Monday, September 11th 2000, 12:00 am

By: News On 6

NEW YORK (AP) â€” Stocks that were moving substantially or trading heavily Monday on the New York Stock Exchange and Nasdaq Stock Market.

NYSE

Kennametal, up 44 cents at $26.31; JLK Direct Distribution up $2.38 at $8.63.

Kennametal, a tool and construction equipment maker, agreed to acquire the 4.3 million shares of JLK Distribution Inc., a tool supplier, it doesn't already own for $8.75 a share, or $37 million.

Sears Roebuck, up 62.5 cents at $35.38

The retailer announced that Alan Lacy will replace retiring chief executive Arthur Martinez, effective Oct. 1.

J.P. Morgan, up $5.63 at $169.63

The commercial bank's stock rose on continued speculation it is for sale.

Nasdaq

Caminus, up $3.19 at $19.88

The software provider's stock rose after a Banc of America Securities analyst upgraded it to ``strong buy'' from ``buy'' on improved earnings expectations.

Cyberonics, up $9.83 at $25.80

Shares of the maker of epilepsy treatments rose after Medtronic offered to buy the company for about $26 a share, or $480 million, in stock.

MediaBay, up 47 cents at $2.47

The direct marketer of audio tapes, old-time radio shows and video tapes said it had entered into an agreement with Sage Entertainment that could result in more than $10 million revenue over a three-year period.