Wall Street may have ended at five year highs last week, but a long-time market watcher Byron Wien, BlackstoneAdvisory Partners vice chairman told CNBC yesterday that the S&P 500 Index could see a correction from present levels prior to recovering by year’s end. Stocks are likely to move down because earnings are slowing down, he told “Squawk Box.”
School Specialty, Inc. (NASDAQ:SCHS) led largest % losers yesterday on forbearance deal after event of default.[article_detail_ad_1]
Cereplast, Inc. (PINK:CERP) traded at low on Form 8-K submission.
FreeSeas Inc. (NASDAQ:FREE) turned lower on Wednesday, trimming its 1-week performance to +318%.
Generex Biotechnology Corporation (OTC:GNBT) retreated from Tuesday’s rally.
magicJack VocalTec Ltd (NASDAQ:CALL) tumbled 11.6% after Copperfield Research charged the tech company with fake information on financial statements and called for an SEC probe.
Mistras Group, Inc. (NYSE:MG) lost 11% on a downgrade from an “overweight” rating to an “equal weight” at Stephens.
GeoGlobal Resources Inc. (NYSEAMEX:GGR) declined on Form SC 13D/A filed by Israel Land Development Company- Energy Ltd.
Corinthian Colleges Inc (NASDAQ:COCO) fell 7.9% after the disappointment over Apollo Group Inc (NASDAQ:APOL)’s outlook spilled over into the entire sector.
Comstock Resources Inc (NYSE:CRK) dropped after analysts at Global Hunter Securities said they were getting more conservative with the company’s growth expectations for the year.
Star Scientific, Inc. (NASDAQ:STSI) plunged a day after ASAP human thyroid study results.
ArcelorMittal (ADR) (NYSE:MT) lost 4% after unveiling a plan to offer common stock and mandatorily convertible subordinated notes (the MCNs) for about USD 3.5 billion.
Alpha Natural Resources, Inc. (NYSE:ANR) fell on an ongoing restructuring plan.
Nu Skin Enterprises, Inc. (NYSE:NUS) was down after National Traders Association.org launched new coverage of the company.
The Western Union Company (NYSE:WU) declined on downgrade to a sell rating at Goldman Sachs.
Some other noteworthy decliners were Garmin Ltd. (NASDAQ:GRMN), Goodrich Petroleum Corporation (NYSE:GDP), Hawaiian Holdings, Inc. (NASDAQ:HA) and MELA Sciences, Inc. (NASDAQ:MELA).