Wall Street declined on Monday, after the best gaining streak for the Standard & Poor’s 500 Index since 2004, following a report that showed pending home sales moved down.
School Specialty, Inc. (NASDAQ:SCHS) hit an all-time low today after filing for bankruptcy protection and said that investment firm Bayside Capital Inc. will buy its assets.[article_detail_ad_1]
Repros Therapeutics Inc (NASDAQ:RPRX) lost $5.82 or 31.27% on a decision to provide a revised date for expected clinical results from the first pivotal study, ZA-301, of Androxal.
LodgeNet Interactive Corp. (PINK:LNET) tumbled 25.00% after filing for bankruptcy protection, and decision to sell assets to private equity firm Colony Capital LLC for $60 million.
Jos. A. Bank Clothiers Inc (NASDAQ:JOSB) fell $8 to new low of $37.90 on warning that its fiscal 2012 profit will be about 20 percent down as compared to the previous year.
Powerwave Technologies, Inc. (NASDAQ:PWAV) declined 73.39% to new low after the company, based in Santa Ana, California filed for bankruptcy protection.
3D Systems Corporation (NYSE:DDD) moved 9% down while Stratasys, Ltd. (NASDAQ:SSYS) trended 7.63% down as peer ExOne (NASDAQ:XONE) updated its IPO filing.
PetSmart, Inc. (NASDAQ:PETM) lost $4.46 on a downgrade from a neutral rating to a reduce rating at Nomura.
AK Steel Holding Corporation (NYSE:AKS) retreated about 9% after downgrade to sell at Goldman Sachs.
The Men’s Wearhouse, Inc. (NYSE:MW) dropped 8.88% after outlook.
More on the flip side, McEwen Mining Inc (NYSE:MUX), EXCO Resources Inc(NYSE:XCO), James River Coal Company (NASDAQ:JRCC) , Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) and Warner Chilcott Plc (NASDAQ:WCRX) all were noteworthy decliners, at last check.
Among active stocks, Research In Motion Limited (USA) (NASDAQ:RIMM), Corning Incorporated (NYSE:GLW), Molycorp Inc (NYSE:MCP), Alcoa Inc. (NYSE:AA) and Chesapeake Energy Corporation (NYSE:CHK) all were in red, at last check.
Turning to upside, Keryx Biopharmaceuticals (NASDAQ:KERX) was on top gainers list with 40% rally after kidney disease drug met late-stage trial target.
Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX) jumped 10% after entering into a non-exclusive partnership with Janssen Pharmaceuticals, Inc. for the clinical development of all-oral direct-acting antiviral (DAA) HCV combination therapies.
Georgia Gulf Corporation (NYSE:GGC) rose 6.5% to new high today after the company posted its preliminary results of its exchange offer, revealing that it had tendered 72.1 million shares.
Dole Food Company, Inc. (NYSE:DOLE) rallied 6% on an upbeat Barron’s mention
Hess Corp. (NYSE:HES) advanced about 5% after unveiling a plan to sell 20 oil storage terminals in the United States and the Caribbean, and leave its refining business.
Waste Management, Inc. (NYSE:WM) and Republic Services (NYSE: RSG) both marked new high after Credit Suisse analyst Hamzah Mazari provided comment that the two are best suited in the industry for REIT conversion.
The Western Union Company (NYSE:WU) added 3.51% after a Seeking Alpha article.
Xerox Corporation (NYSE:XRX) gained about 3.3% after BMO Capital Markets upgraded the stock to an outperform rating from market perform.
Transocean LTD (NYSE:RIG) increased 2.73% after RBC upped its price target to $66 from $60 and maintained its “outperform” rating, while Guggenheim raised its price target by $20 to $75 and upgraded the stock to buy from neutral.
Staples, Inc. (NASDAQ:SPLS) advanced 2.12% on an upgrade to Neutral at Goldman Sachs.
More on the upside, Shengkai Innovations, Inc.(NDA) (NASDAQ:VALV), PositiveID Corporation (OTC:PSID), Excel Maritime Carriers Ltd (NYSE:EXM), Clearwire Corporation (NASDAQ:CLWR) and Hertz Global Holdings, Inc. (NYSE:HTZ) were noteworthy gainers, at last check.
Moving towards volume leaders, Facebook Inc (NASDAQ:FB), General Electric Company (NYSE:GE), Apple Inc. (NASDAQ:AAPL), Zynga Inc (NASDAQ:ZNGA) and Valero Energy Corporation (NYSE:VLO) all were on the rise, at last check.
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