30 Hot Stocks: Most gaining and losing stocks on Wall Street
Wall Street continued to fall, after yesterday’s decline in the Standard & Poor’s 500 Index, as investors awaited the launch of the earnings season.
In corporate news, Fusion-IO, Inc. (NYSE:FIO) was one of the biggest losers after William Blair downgraded the stock from an outperform rating to a market perform rating.
GameStop Corp. (NYSE:GME) dropped about 7% after releasing holiday sales results and reduced outlook.
Calumet Specialty Products Partners, L.P (NASDAQ:CLMT) plunged after pricing an underwritten public offering of 5,000,000 common units at $31.81 per unit.
LDK Solar Co., Ltd (ADR) (NYSE:LDK) lost more than 7% despite it regained compliance with NYSE listing requirements.
Yum! Brands, Inc. (NYSE:YUM) moved 5% down after reporting that sales growth in China is expected to be much lower than expected in the fourth quarter.
Ericsson (ADR) (NASDAQ:ERIC) tumbled as Standard & Poor’s Rating Services (S&P) recently revised guidance on the company to negative from stable.
Solar Capital Ltd. (NASDAQ:SLRC) decreased after pricing public offering of 6 Mln shares at $24.40 each share.
Sears Holdings Corporation (NASDAQ:SHLD) declined sharply after the company announced that sales at the Canadian chain’s established department stores moved down 5.8 percent in the nine weeks to the end of December is likely to hurt financial results for the quarter that included the holiday season.
Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) fell after it declared that it initiated the commercial production of Sapinhoa field, located in block BM-S-9, in the pre-salt of Santos Basin with the start up of platform Cidade de Sao Paulo, on January 5, 2013.
Zynga Inc (NASDAQ:ZNGA) was down after a report that its Senior Vice President, General Counsel and Secretary, Reginald D. Davis made market sale on January 2, at stock price US$2.36 for a worth of US$1,760.
Some other noteworthy losers include Gerdau SA (ADR) (NYSE:GGB), Safeway Inc. (NYSE:SWY), Deckers Outdoor Corp (NASDAQ:DECK), Cypress Semiconductor Corporation (NASDAQ:CY) and Vringo, Inc. (NYSEAMEX:VRNG).
On the upside, FreeSeas Inc. (NASDAQ:FREE) is again on the move today after a report claimed that John Fredriksen may be looking to expand.
Perion Network Ltd (NASDAQ:PERI) jumped to new high on 2013 outlook.
Peregrine Pharmaceuticals (NASDAQ:PPHM) is again one of the top gainers after the company updated shareholder on data problems with its Phase II clinical trial of its lead cancer drug bavituximab.
Signet Jewelers Ltd. (NYSE:SIG) scored new 52-week high on holiday sales.
Star Scientific, Inc. (NASDAQ:STSI) added 7.7% after ASAP human thyroid study results.
Newcastle Investment Corp. (NYSE:NCT) topped 52-week high after unveiling a plan to make a public offering of 40 million shares of common stock.
Southwest Airlines Co. (NYSE:LUV) surpassed 1-year high after it reported December Traffic.
Marvell Technology Group Ltd. (NASDAQ:MRVL) gained after declaring an expansion to its groundbreaking AVANTA(®) product line, the Marvell(®) AVANTA LP MC – 88F6601 Universal PON (UPON) low-power media converter.
Jamba, Inc. (NASDAQ:JMBA) rallied after it was said to be next on the takeover list after the biggest surge in takeovers of restaurant and coffee companies since the last recession.
US Airways Group, Inc. (NYSE:LCC) scored new record high after setting new traffic records in December.
More stocks on the rise are Coach, Inc. (NYSE:COH), Oclaro, Inc. (NASDAQ:OCLR), Cell Therapeutics Inc (NASDAQ:CTIC), SunPower Corporation (NASDAQ:SPWR) and Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP).