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November 27, 2001|Times Staff Reports

The Nasdaq Stock Market is losing two listings to its archrival the New York Stock Exchange, including one of Nasdaq's hottest stocks this year. Michaels Stores Inc., the largest U.S. arts-and-crafts retailer, said Monday it will move to the NYSE on Dec. 12.

Michaels has soared 124% this year as more consumers have shifted spending toward their homes. Irving, Texas-based Michaels, which now trades under the ticker symbol MIKE, will be listed as MIK on the NYSE. The stock added 15 cents to $59.47 Monday.

Also Monday, Lubbock, Texas-based Alamosa Holdings Inc. said it will switch to an NYSE listing Dec. 6. The company, which sells mobile-phone service under the Sprint PCS brand, trades as APCS on Nasdaq. It will take the symbol APS on the NYSE. The stock eased 4 cents to $14.95 Monday but is up 87% year to date.

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