Showing posts with label SHLD. Show all posts
Showing posts with label SHLD. Show all posts
Thursday, December 30, 2010
FTSE ends lower, dragged by banks, defensives
Defensive stocks and banks pulled Britain's top shares slightly lower by close of trade on Wednesday, offsetting gains from miners and energy stocks pushed higher by buoyant commodity prices. The FTSE 100 ended down 12.56 points, or 0.2 percent, at 5,996.36, having closed at a fresh 30-month high on Friday and above 6,000 for the first time since June 3, 2008.
BJ’s Wholesale, Molycorp, Sears, Ultralife
Advancers
BJ’s Wholesale Club Inc. /quotes/comstock/13*!bj/quotes/nls/bj (BJ 47.62, +3.15, +7.08%) shares rose 7% after the New York Post cited unnamed sources in reporting buyout firm Leonard Green & Partners LP might make a hostile bid for the warehouse-store operator.
GenVec Inc. /quotes/comstock/15*!gnvc/quotes/nls/gnvc (GNVC 0.58, +0.03, +5.45%) shares gained 5.5% after the biotechnology company said it would work with Merial, a producer of vaccine for foot-and-mouth disease, to develop and market its own technology for a vaccine.
Molycorp Inc. /quotes/comstock/13*!mcp/quotes/nls/mcp (MCP 49.30, +3.12, +6.76%) shares gained almost 7% with the rare-earth mine operator rising after China cut export quotas of minerals used in making high-technology goods including electric cars and wireless phones. Other mineral-producers also rose, with Lynas Corp. /quotes/comstock/11i!lyscf (LYSCF 2.00, +0.27, +15.61%) up 15.6%, China Rare Earth Holdings Ltd. /quotes/comstock/11i!creqf (CREQF 0.51, +0.10, +22.89%) rising 23% and Arafura Resources Ltd. /quotes/comstock/11i!araff (ARAFF 1.48, +0.20, +15.63%) up more than 15%.
Pulse Electronics Corp. /quotes/comstock/13*!puls/quotes/nls/puls (PULS 5.45, +1.09, +25.00%) rose 25% after the electronics manufacturer said it received notice from Bel Fuse Inc. that it would nominate three candidates to its board, following up on its recent expression of interest about a possible combining of businesses.
RightNow Technologies Inc. /quotes/comstock/15*!rnow/quotes/nls/rnow (RNOW 23.51, +3.72, +18.80%) shares climbed almost 19% after Piper Jaffray upgraded its rating on the customer relations-management software provider from neutral to overweight.
Sears Holdings Corp. /quotes/comstock/15*!shld/quotes/nls/shld (SHLD 74.49, +4.47, +6.38%) shares were up 6.4% after Sonic Solutions /quotes/comstock/15*!snic/quotes/nls/snic (SNIC 15.02, +0.18, +1.21%) said the retailer had launched its online film service using its RoxioNow platform.
Decliners
Dara BioSciences Inc. /quotes/comstock/15*!dara/quotes/nls/dara (DARA 2.78, -0.33, -10.61%) fell 10.6% after the drug developer said it would sell up to $4 million in shares and warrants.
Ultralife Corp. /quotes/comstock/15*!ulbi/quotes/nls/ulbi (ULBI 6.09, -0.98, -13.86%) shares were down almost 14% after the seller of batteries and communication products reduced its full-year revenue outlook.
BJ’s Wholesale Club Inc. /quotes/comstock/13*!bj/quotes/nls/bj (BJ 47.62, +3.15, +7.08%) shares rose 7% after the New York Post cited unnamed sources in reporting buyout firm Leonard Green & Partners LP might make a hostile bid for the warehouse-store operator.
GenVec Inc. /quotes/comstock/15*!gnvc/quotes/nls/gnvc (GNVC 0.58, +0.03, +5.45%) shares gained 5.5% after the biotechnology company said it would work with Merial, a producer of vaccine for foot-and-mouth disease, to develop and market its own technology for a vaccine.
Molycorp Inc. /quotes/comstock/13*!mcp/quotes/nls/mcp (MCP 49.30, +3.12, +6.76%) shares gained almost 7% with the rare-earth mine operator rising after China cut export quotas of minerals used in making high-technology goods including electric cars and wireless phones. Other mineral-producers also rose, with Lynas Corp. /quotes/comstock/11i!lyscf (LYSCF 2.00, +0.27, +15.61%) up 15.6%, China Rare Earth Holdings Ltd. /quotes/comstock/11i!creqf (CREQF 0.51, +0.10, +22.89%) rising 23% and Arafura Resources Ltd. /quotes/comstock/11i!araff (ARAFF 1.48, +0.20, +15.63%) up more than 15%.
Pulse Electronics Corp. /quotes/comstock/13*!puls/quotes/nls/puls (PULS 5.45, +1.09, +25.00%) rose 25% after the electronics manufacturer said it received notice from Bel Fuse Inc. that it would nominate three candidates to its board, following up on its recent expression of interest about a possible combining of businesses.
RightNow Technologies Inc. /quotes/comstock/15*!rnow/quotes/nls/rnow (RNOW 23.51, +3.72, +18.80%) shares climbed almost 19% after Piper Jaffray upgraded its rating on the customer relations-management software provider from neutral to overweight.
Sears Holdings Corp. /quotes/comstock/15*!shld/quotes/nls/shld (SHLD 74.49, +4.47, +6.38%) shares were up 6.4% after Sonic Solutions /quotes/comstock/15*!snic/quotes/nls/snic (SNIC 15.02, +0.18, +1.21%) said the retailer had launched its online film service using its RoxioNow platform.
Decliners
Dara BioSciences Inc. /quotes/comstock/15*!dara/quotes/nls/dara (DARA 2.78, -0.33, -10.61%) fell 10.6% after the drug developer said it would sell up to $4 million in shares and warrants.
Ultralife Corp. /quotes/comstock/15*!ulbi/quotes/nls/ulbi (ULBI 6.09, -0.98, -13.86%) shares were down almost 14% after the seller of batteries and communication products reduced its full-year revenue outlook.
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