Wall Street declined on Thursday, cutting the best January gain for the Dow Jones Industrial Average since 1994, on weak earnings.
Among top losers, Generex Biotechnology Corporation (OTC:GNBT) fell 29.47% amid an Investor Conference Call to discuss recent company activity and management Plans held on January 31, 2013 10:00 AM ET.
Liquidity Services, Inc. (NASDAQ:LQDT) tumbled $9.20 or 22.40%, hitting new low on lower guidance.[article_detail_ad_1]
Constellation Brands, Inc. (NYSE:STZ) plunged 17.39% after an antitrust lawsuit was filed to halt Anheuser-Busch InBev NV (ADR) (NYSE:BUD)’s offer to acquire Grupo Modelo SA, creating hurdles in the wine and spirits maker’s role in the deal.
Elizabeth Arden, Inc. (NASDAQ:RDEN) lost 16.26% on lower-than-predicted second-quarter results.
Fusion-IO, Inc. (NYSE:FIO) dropped 12.99% on outlook cut.
Cabot Corp (NYSE:CBT) retreated 12.87% after profit decline of more than 50% and cautious guidance.
Time Warner Cable Inc (NYSE:TWC) decreased 11.28% on disappointed outlook.
Harman International Industries Inc./DE/ (NYSE:HAR) traded 9.13% lower after providing outlook below projections.
Velti Plc (NASDAQ:VELT) extended fall after Craig Hallum downgraded the stock from a “buy” rating to a “hold” rating and lower its PT to $4.00 from $12.00. The company had given a presentation at its 2013 Analyst Day at 8:30 AM ET on January 30, 2013.
Chiquita Brands International, Inc. (NYSE:CQB) fell 8.24% on a downgrade from a buy rating to a hold rating at BB&T.
Concur Technologies, Inc. (NASDAQ:CNQR) declined 7.79% after corporate report.
The Dow Chemical Company (NYSE:DOW) retreated 6.96% after quarterly results.
Towerstream Corporation (NASDAQ:TWER) tumbled 6.94% after pricing public offering at $3.00/share.
Take-Two Interactive Software, Inc. (NASDAQ:TTWO) moved 6.81% down on delaying ‘Grand Theft Auto V’ release.
ResMed Inc. (NYSE:RMD) plunged 6.49% after the Centers for Medicare and Medicaid Services unveiled a plan cut reimbursement on certain medical equipment by an average of 45%.
Corinthian Colleges Inc (NASDAQ:COCO) lost 6.11% after posting quarterly loss.
M.D.C. Holdings, Inc. (NYSE:MDC) was 5.84% down after earnings release.
Banco Santander, S.A. (ADR) (NYSE:SAN), Murphy Oil Corporation (NYSE:MUR), Acxiom Corporation (NASDAQ:ACXM) and ConocoPhillips (NYSE:COP) each lost more than 5% after results while Tenneco Inc. (NYSE:TEN) dropped 4.7% on earnings release.
More on the flip side, Genco Shipping & Trading Limited (NYSE:GNK), Golar LNG Partners LP (NASDAQ:GMLP), Sodastream International Ltd (NASDAQ:SODA), Youku Tudou Inc (ADR) (NYSE:YOKU), Doral Financial Corp. (NYSE:DRL) and Charter Communications, Inc. (NASDAQ:CHTR) all fell in a range of 4-5%.