NEW YORK (MarketWatch) — Shares of the following companies made notable moves in Wednesday’s U.S. stock market:
Advancers
First Solar Inc.’s FSLR +4.08% shares rose 4% after it said it had an agreement to sell a solar energy farm in California to MidAmerican Energy Holdings Co., a unit of Warren Buffett’s Berkshire Hathaway Inc. BRK.B -0.03%
Martha Stewart Living Omnimedia Inc.’s MSO -1.20% shares jumped 33% to $4.04 a share after department-store chain J.C. Penney Co. Inc. JCP -0.87% confirmed a New York Times report that it would buy a 16.6% stake in the media and merchandising company.
McClatchy Co.’s MNI +61.86% shares surged almost 62% to $1.73 each after the newspaper publisher reported slowing advertising sales decreases at a media conference.
Men’s Wearhouse Inc.’s MW +19.57% shares advanced almost 20% after the men’s clothing retailer late Tuesday hiked its outlook for 2011 earnings.
Mitcham Industries Inc.’s MIND +17.50% shares rose 17.5% a day after the supplier of leased equipment to oil developers reported a rise in third-quarter profit.
SAIC Inc.’s SAI -0.04% shares rose 6.6% after the defense contractor reported third-quarter sales that exceeded market expectations.
Talbots Inc.’s TLB -6.41% shares rallied almost 70% to $2.53 after the women’s apparel retailer late Tuesday said it would review an unsolicited acquisition offer from Sycamore Partners.
Decliners
ING Group NV’s ING -2.12% U.S.-listed shares fell 3.2% after The Wall Street Journal reported the Dutch financial-services company said fourth-quarter earnings would take a large hit from its U.S.-annuities business as it readies to spin off its insurance-related business.
Jaguar Mining Inc.’s JAG -9.53% shares fell almost 10% after the gold producer said its CEO had resigned.
Source; http://www.marketwatch.com/story/wednesdays-biggest-gaining-declining-stocks-2011-12-07
No comments:
Post a Comment