U.S. stocks ended the second trading day of 2012 down, trimming earlier gains, after Federal Reserve lawmakers said at the most recent meeting they expects to end their $85 billion monthly bond purchases sometime in 2013.
Mellanox Technologies, Ltd. (NASDAQ:MLNX) joined broad decline and was pushed to the lowest level since April in New York after the Israeli developer of data-management technology reduced its fourth-quarter sales outlook on weaker demand and a product glitch.[article_detail_ad_1]
Family Dollar Stores, Inc. (NYSE:FDO) plunged after providing forecast below estimates for the second-quarter of fiscal 2013. Jaguar Mining Inc (USA) (NYSE:JAG) tumbled without any major news.
On the upside, SunPower Corporation (NASDAQ:SPWR) gained about 48% on Thursday, leading top gainers after Lazard recommended buying shares of the solar panel maker and gave SPWR price-target of $11. They previously had a neutral rating on the stock.
Vringo, Inc. (NYSEAMEX:VRNG) was another top percentage gainer with a rise of 20% in price a day after Ashley Keller was added to the company’s board of directors.
BG Medicine, Inc. (NASDAQ:BGMD) got a boost following a decision to end development of its experimental treatment for Lou Gehrig’s drug after a late-stage study was unable to improve patients’ survival or quality of life.
Trina Solar Limited (ADR) (NYSE:TSL) jumped after Warren Buffett-controlled company made a strong move to buy two solar power-generating plants being built in California and are owned by SunPower Corp.
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) extended gains after no change has been made to a provision that enables solar installers to receive subsidies in the form of a cash grant.
Hanwha Solarone Co Ltd (NASDAQ:HSOL) marked fifth rally in a row after getting a US$475 million line of credit from The Bank of Beijing to support the module manufacturer’s downstream PV projects.
Both ReneSola Ltd. (ADR) (NYSE:SOL) and Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) gained, following other solar-tech stocks.
Herbalife Ltd. (NYSE:HLF) jumped after it completed acquisition of former Dell Inc. (NASDAQ:DELL) plant.
Hot Topic, Inc. (NASDAQ:HOTT) scored new high on Thursday after the company’s sales during the holiday period increased 4 percent versus last year, and unveiled a plan to open new stores this year.
JA Solar Holdings Co., Ltd. (ADR) (NASDAQ:JASO) rallied after signing supply deals with subsidiaries of CTGNE for 40MW of modules and, in other news, has met NASDAQ stock market rules establishing a minimum bid price of USD 1 per share.