IndyMac, Fannie Mae, Merrill Lynch are big movers

NYSE

IndyMac Bancorp Inc., down 27 cents to 44 cents

An analyst cut his price target to $0 after the mortgage lender stopped accepting some loan submissions and trimmed its staff.

AirTran Holdings Inc., up 31 cents to $2.19

Amid high fuel costs, the operator of AirTran Airways will cut 180 pilot jobs and 300 flight attendant positions, or more than 5 percent of its staff.

Fannie Mae, up $1.88 to $17.62

An analyst warned the mortage purchaser and Freddie Mac may need to raise more cash if a proposed change to accounting standards is passed.

Office Depot Inc., down $3.29 to $7.12

A slowing economy caused the office supplies retailer to forecast a 10 percent drop in second-quarter same-store sales.