US stocks advanced today after strong earnings reports from leading technology companies.
In corporate news, Uranium Resources, Inc. (NASDAQ:URRE) hit new high and was the top gainer after setting 5:00 p.m. eastern time on January 28, 2013 as the record date for its previously-declared shareholder rights offering.
MAP Pharmaceuticals Inc. (NASDAQ:MAPP) soared 58% on a $882.5M deal to sell itself to Allergan. [article_detail_ad_1]
Cree, Inc. (NASDAQ:CREE) jumped about 19% to hit new high after releasing higher than expected Q2 results.
Telik, Inc. (NASDAQ:TELK) opened sharply higher after the company declared the completion of an End of Phase 2 meeting with the US Food and Drug Administration (FDA).
Intuitive Surgical, Inc. (NASDAQ:ISRG) advanced 9% on better-than-predicted Q4 results.
Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) rallied 16% after Celgene Corp. (CELG) revealed that a late-stage trial of its drug Abraxane increased life by nearly two months in pancreatic cancer patients.
Generex Biotechnology Corporation (OTC:GNBT) rallied after the company announced submission of Generex Oral-lyn™ Phase III dossier to Indian government for marketing approval.
Ferro Corporation (NYSE:FOE) jumped after Form 8-K submission.
Safeway Inc. (NYSE:SWY) skyrocketed as the company has improved the speed and accuracy of its till reconciliation process across its about 1,700 stores using the installation of technology.
KB Home (NYSE:KBH) gained sharply on an upgraded from an “underperform” rating to a “market perform” rating at Raymond James.
Turning to hot stocks, Advanced Micro Devices, Inc. (NYSE:AMD), Facebook Inc (NASDAQ:FB), Symantec Corporation (NASDAQ:SYMC), International Business Machines Corp. (NYSE:IBM) and Alcatel Lucent SA (ADR) (NYSE:ALU) were trading higher.
On the flip side, STR Holdings, Inc. (NYSE:STRI) was losing the most on expectation to lose First Solar as a customer.
Coach, Inc. (NYSE:COH) tumbled 13% on lower-than-projected 2Q results.
Numerex Corp. (NASDAQ:NMRX) declined 11.8% after pricing underwritten public offering of common stock.
Perion Network Ltd (NASDAQ:PERI) retreated after disclosing the results of a recent survey it conducted amongst 4,400 US iPad users about the way they use email on the iPad.
IAMGOLD Corporation (USA) (NYSE:IAG) fell 9.38% after confirming its previously stated gold production outlook in a range of 875,000 to 950,000 attributable ounces for fiscal 2013.
Molycorp Inc (NYSE:MCP) dropped 7.8% on significantly lower first-half revenue forecast.
Tata Motors Limited (ADR) (NYSE:TTM) declined as traders mention worries over December quarter earnings.
General Dynamics Corporation (NYSE:GD) turned red on $2 Billion Loss.
Senior Housing Properties Trust (NYSE:SNH) and Invesco Mortgage Capital Inc (NYSE:IVR) were under pressure after pricing public offering.
At last check, highly active stocks including Ford Motor Company (NYSE:F), Molycorp Inc (NYSE:MCP), Synovus Financial Corp. (NYSE:SNV), Boston Scientific Corporation (NYSE:BSX) and Eli Lilly & Co. (NYSE:LLY) were moving down.
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