Top Gainers and Decliners on Wall Street
Wall Street advanced, with the Standard & Poor’s 500 Index on track to its best weekly gain in 13 months, after Labor Department figures showed today in Washington employers added employees in December at about the same pace as the prior month.
In the top gainers list, Amicus Therapeutics, Inc. (NASDAQ:FOLD) added more than 10% after it declared positive results from all four Cohorts in Phase 2 Chaperone-Enzyme Replacement Therapy (ERT) Co-Administration Study for Pompe Disease.
LodgeNet Interactive Corp. (NASDAQ:LNET) is also on the move after it signed definitive deal with a syndicate formed by an affiliate of Colony Capital, a global investment firm. Pursuant to the deal, Colony Syndicate is set to provide $60 million of new capital to support a planned recapitalization of LodgeNet. Moreover, LodgeNet has been given financial support by a steering committee of its lenders holding its debt for a multi-year extension of its ongoing $346 million secured credit facility.
Quiksilver, Inc. (NYSE:ZQK) jumped to new high after Goldman Sachs upgraded shares of ZQK to Buy.
Krispy Kreme Doughnuts (NYSE:KKD) also topped 52-week high after it was rated as Buy at Longbow.
Harvest Natural Resources, Inc. (NYSE:HNR) joined other top price achievers after it discovered another oil discovery in the Pre-Salt Offshore Gabon.
AK Steel Holding Corporation (NYSE:AKS) increased after Credit Suisse reaffirmed a Outperform rating.
Both Zynga Inc (NASDAQ:ZNGA) and Groupon Inc (NASDAQ:GRPN) and gained on Friday.
Eli Lilly & Co. (NYSE:LLY) rallied after its 2013 earnings outlook beat estimates.
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) and LDK Solar Co., Ltd (ADR) (NYSE:LDK) were extending gains today after a report Chinese Solar demand is predicted to rise as China’s pushes urbanization plans.
Alcatel Lucent SA (ADR) (NYSE:ALU) surged after a report suggested that the company (ALU) is on track to dominate Communication Equipment Industry comeback.
Acme Packet, Inc. (NASDAQ:APKT) added 9% after Stifel Nicolaus upgraded the stock to Buy.
DryShips Inc. (NASDAQ:DRYS) also was up 9%.
On the flip side, Accuray Incorporated (NASDAQ:ARAY) tumbled after it was downgraded to Underweight at JPMorgan Chase & Co. (NYSE:JPM).
Lululemon Athletica inc. (NASDAQ:LULU) was losing after the stock was downgraded at Credit Suisse.
Silicon Image, Inc. (NASDAQ:SIMG) dropped more than 10% after fiscal fourth-quarter guidance.
Coinstar, Inc. (NASDAQ:CSTR) was declining after management change.
Bill Barrett Corporation (NYSE:BBG) fell about 7% after issuing FY 2013 capital expenditure outlook.
Herbalife Ltd. (NYSE:HLF) declined after opening higher following announcement that its deal to acquire a manufacturing facility in Winston-Salem, North Carolina, was completed on December 31, 2012.
Some other noteworthy losers are Companhia Energetica Minas Gerais (ADR) (NYSE:CIG), Kinross Gold Corporation (USA) (NYSE:KGC), Endo Health Solutions Inc (NASDAQ:ENDP) and Finish Line Inc (NASDAQ:FINL).
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