24/7 Wall St. » XIDE

Market Close: Big Winners & Losers for Friday

Paul Ausick — Fri, 26 Apr 2013 20:29:18 +0000

Here are today’s five biggest gaining stocks at closing:

LogMeIn, Inc. (NASDAQ: LOGM) is up 21.3% at $21.67.

SemiLEDS Corp. (NASDAQ: LEDS) is up 20.6% at $1.76.

SCG Financial Acquisition Corp. (NASDAQ: RMGN) is up 19.7% at $16.99.

Newpark Resources Inc. (NYSE: NR) is up 16% at $9.93.

Constant Contact Inc. (NASDAQ: CTCT) is up 15.7% at $14.85.

And here are today’s five biggest losing stocks at closing:

Dyax Corp. (NASDAQ: DYAX) is down 34.9% at $2.69.

Desarrolladora Homex (NYSE: HXM) is down 26.2% at $5.18.

Ikanos Communications Inc. (NASDAQ: IKAN) is down 19.6% at $1.52.

Exide Technologies (NASDAQ: XIDE) is down 18% at $0.84.

FalconStor Software Inc. (NASDAQ: FALC) is down 17.2% at $1.59.

Filed under: HI/LOW, Market Close Tagged: CTCT, DYAX, FALC, HXM, IKAN, LEDS, LOGM, NR, RMGN, XIDE

Market Close: Big Winners & Losers for Thursday

Paul Ausick — Thu, 25 Apr 2013 20:43:43 +0000

Here are today’s five biggest gaining stocks at closing:

Global Geophysical Services Inc. (NYSE: GGS) is up 74.8% at $3.74.

ITT Educational Services Inc. (NYSE: ESI) is up 30.5% at $20.00.

Old Second Bancorp Inc. (NASDAQ: OSBC) is up 30% at $4.25.

Angies’ List Inc. (NASDAQ: ANGI) is up 28.9% at $25.92.

Stamps.com Inc. (NASDAQ: STMP) is up 27.1% at $32.62.

And here are today’s five biggest losing stocks at closing:

Exide Technologies (NASDAQ: XIDE) is down 23.9% at $1.02.

QKL Stores Inc. (NASDAQ: QKLS) is down 23.7% at $4.06.

Whiting USA Trust I (NYSE: WHX) is down 23% at $7.37.

Point.360 (NASDAQ: PTSX) is down 20.5% at $1.01.

Maxcom Telecomunicaciones S.A.B. de C.V. (NYSE: MXT) is down 18.2% at $2.20.

Filed under: HI/LOW, Market Close Tagged: ANGI, ESI, GGS, MXT, OSBC, PTSX, QKLS, STMP, WHX, XIDE

Exide: Ready, Fire, Aim

Paul Ausick — Fri, 05 Apr 2013 12:51:03 +0000

Shares of Exide Technologies (NASDAQ: XIDE) were the big losers yesterday. The stock price fell about 48%, and trading in the shares was halted for five minutes in the middle of the afternoon. The cause appears to have been a report that the company had hired a consulting firm to advise it on restructuring.

The company released a statement after markets closed announcing that it had indeed hired Lazard to “advise the company on financing alternatives to maximize the value of the company for all stakeholders.” The firm also raised its forecast for free cash flow:

[Exide] expects that fiscal 2013 fourth quarter free cash flow will be approximately $50 million, exceeding prior guidance of $30 million, with total liquidity (cash and availability under credit lines) at March 31, 2013 of greater than $230 million.

Exide lost its contract as a supplier of car batteries to Wal-Mart Stores Inc. (NYSE: WMT) in 2010, and shares have tumbled from around $12 to around $2.50 since then as the firm has struggled to replace the lost business.

But yesterday’s catastrophe is a good example of investors pulling the trigger before they have really identified the target. Exide’s shares are up about 35% in premarket trading this morning at $1.85, after posting a new 52-week low yesterday of $1.16. The 52-week high is $3.77.

Filed under: 24/7 Wall St. Wire, Industrials, Shareholder Issues Tagged: XIDE

Market Close: Big Winners & Losers for April 4, 2013 (MCOX, CMGE, PRMW, STSI, BBY, XIDE, NVGN, ETAK, MVIS, CHLN)

Paul Ausick — Thu, 04 Apr 2013 20:31:54 +0000

Here are today’s five biggest gaining stocks at closing:

Mecox Lane Ltd. (NASDAQ: MCOX) is up 23.8% at $4.94.

China Mobile Games and Entertainment Group Ltd. (NASDAQ: CMGE) is up 18.1% at $9.45.

Primo Water Corp. (NASDAQ: PRMW) is up 17.2% at $1.36.

Star Scientific Inc. (NASDAQ: STSI) is up 16.2% at $1.51.

Best Buy Co. Inc. (NYSE: BBY) is up 16.1% at $25.13.

And here are today’s five biggest losing stocks at closing:

Exide Technologies (NASDAQ: XIDE) is down 47.5% at $1.37.

Novogen Ltd. (NASDAQ: NVGN) is down 18.8% at $4.91.

Elephant Talk Communications Corp. (NYSEMKT: ETAK) is down 17% at $0.93.

Microvision Inc. (NASDAQ: MVIS) is down 16.6% at $2.11.

China Housing & Land Development Inc. (NASDAQ: CHLN) is down 15% at $1.76.

Filed under: 24/7 Wall St. Wire, HI/LOW, Market Close Tagged: BBY, CHLN, CMGE, ETAK, MCOX, MVIS, NVGN, PRMW, STSI, XIDE

24/7 Wall St. Closing Bell — April 4, 2013: Markets Bounce Around to Positive Close (AAPL, CTL, LULU, LCC, ALU, DDC, GBX, RPM, TDC, BBY, FB, XIDE)

Paul Ausick — Thu, 04 Apr 2013 20:05:37 +0000

U.S. equity markets opened slightly higher this morning and spent most of the day bouncing around above the break-even line. In Asia, the Bank of Japan will double its monthly asset purchases to nearly $73 billion and is likely to boost its inflation target as well (more coverage here). Markets in Shanghai and Hong Kong were closed for a holiday. In Europe, the European Central Bank and the Bank of England left key interest rates unchanged today, as expected. Eurozone non-manufacturing PMI was slightly down, but both Germany and France posted declines (more coverage here). In the U.S., new claims for jobless benefits were higher than expected (more coverage here).

The U.S. dollar index is down 0.1% today, now at 82.639. The GSCI commodity index is down 2% at 638.67. WTI crude oil closed down 1.3% today, at $93.26 a barrel. Brent crude trades down 0.7% at $106.11 a barrel. Natural gas is up 1% today at about $3.92 per million BTUs following an expected inventory drawdown (more coverage here). Gold settled down 0.1% today at $1,552.40 an ounce.

The unofficial closing bells put the DJIA up nearly 56 points to 14,606.18 (0.38%), the NASDAQ rose more than 6 points (0.20%) to 3,224.98, and the S&P 500 rose 0.40% or more than 6 points to 1,559.98.

There were a several analyst upgrades and downgrades today, including Apple Inc. (NASDAQ: AAPL) started as ‘buy’ with price target of $540 at Lazard; CenturyLink Inc. (NYSE: CTL) raised to ‘overweight’ at J.P. Morgan; Lululemon Athletica Inc. (NASDAQ: LULU) cut to ‘sector perform’ at RBC Capital Markets (more coverage here); US Airways Group Inc. (NYSE: LCC) cut to ‘neutral’ at BofA/Merrill Lynch; and Alcatel-Lucent SA (NYSE: ALU) raised to ‘buy’ at Deutsche Bank.

Earnings reports since markets closed last night resulted in a few price move today: Dominion Diamond Corp. (NYSE: DDC), formerly Harry Winston Diamond Corp., is up 4.1% at $16.36; Greenbrier Companies Inc. (NYSE: GBX) is down 3.5% at $21.04 (more coverage here); and RPM International Inc. (NYSE: RPM) is down 1.7% at $30.24.

There are no earnings of note scheduled before markets open tomorrow morning.

Some standouts among heavily traded stocks today include:

Best Buy Co. Inc. (NYSE: BBY) is up 15.5% at $25.00 after posting a new 52-week high of $25.12 earlier today. The consumer electronics retailer has completed a deal with Samsung to offer the Korean company’s products in special locations in Best Buy stores. More coverage here.

Teradata Corp. (NYSE: TDC) is down 7.2% at $52.01 after posting a new 52-week low of $50.40 earlier today. The data warehousing firm’s revenue estimates were cut by analysts at Morgan Stanley.

Facebook Inc. (NASDAQ: FB) is up 3% at $27.03. The social networking giant launched its Facebook Phone today. More coverage here.

Exide Technologies (NASDAQ: XIDE) is down 46% at $1.41 after posting a new 52-week low of $1.16 earlier today. The battery maker has hired restructuring advisers according to a report at Debtwire.

Stay tuned for Friday. We have noted the following events on the schedule (all times Eastern):

8:30 a.m. – Non-farm payrolls and unemployment rate
8:30 a.m. – International trade
3:00 p.m. – Consumer credit

Filed under: 24/7 Wall St. Wire, HI/LOW, Market Close Tagged: AAPL, ALU, BBY, CTL, DDC, FB, GBX, LCC, LULU, RPM, TDC, XIDE

A123 Jumps on Technology Announcement (AONE, ENS, XIDE, JCI, MXWL, GM, TM, NSANY, F, TSLA)

Paul Ausick — Tue, 12 Jun 2012 15:47:48 +0000

US lithium-ion battery maker A123 Systems Inc. (NASDAQ: AONE) has definitely had a rough year. Shares are down about -72%, making it the worst performer out of US battery makers like EnerSys (NYSE: ENS), Exide Technologies Inc. (NASDAQ: XIDE), and Johnson Controls Inc. (NYSE: JCI). A123 has even performed more poorly than capacitor maker Maxwell Technologies Inc. (NASDAQ: MXWL), another competitor in the race for a piece of the green car market.

Today, A123 announced a new battery technology it calls Nanophosphate EXT, which the company says eliminates the need for costly and heavy temperature-control equipment on batteries for hybrid and micro-hybrid electric vehicles. All-electric cars like the Chevy Volt from General Motors Co. (NYSE: GM), the all-electric version of the Prius from Toyota Motor Corp. (NYSE: TM) the Leaf from Nissan Motor Co. Ltd. (OTC: NSANY), the Focus Electric from Ford Motor Co. (NYSE: F), and the vehicles from Tesla Motors Inc. (NASDAQ: TSLA) get a generic wave in the company’s press announcement, but the micro-hybrid market is what A123 is targeting. Johnson Controls and Maxwell are among the key players here.

Micro-hybrid is a fancy new name for cars that incorporate new stop-start technology that shuts off a car’s engine when the car is stopped and restarts it automatically when the driver steps on the gas again. A123, Exide, and Johnson are all making batteries that can absorb this kind of punishment, while Maxwell is attacking the problem with what the company calls ultra-capacitors. Either system improves gasoline mileage by anywhere from 5%-10%.

The global market for micro-hybrid vehicles is expected to swell to more than 39 million vehicles by 2017, and the energy storage devices market is expected to reach $6.9 billion according to A123. The advantages micro-hybrids hold over all-electric technology, for example, are no requirement for special charging stations, far less use of scarce resources like lithium, and much lower cost. From a car-makers point of view, the possible impact on sales is negligible from micro-hybrids because the technology is both cheap and nearly invisible to buyers who don’t have to adapt to a whole new kind of car.

A123 shares have jumped 50% just before noon today, to $1.56 in a 52-week range of $0.82-$5.91. Share prices have been hit hard by a recall of defective battery packs and an explosion in a lab that was testing one of the company’s battery packs. More than 16 million shares have traded hands so far this morning, about 8x normal volume.

Paul Ausick

Filed under: Alternative Energy, Autos, Consumer Goods, Consumer Product, Green Biz, Technology, Technology Companies Tagged: AONE, ENS, F, GM, JCI, MXWL, NASDAQ: TSLA, NSANY, TM, TSLA, XIDE

24/7 Wall St. Closing Bell — June 8, 2012 (CSCO, SD, QCOM, KMI, LEN, XIDE, PNY, FGP, KMGB, FNSR, KORS, FDS, KFY, KR, PIR, WGO, PCX, ANR, NOK, NAV, CHK)

Paul Ausick — Fri, 08 Jun 2012 20:11:33 +0000

The three major US stock indexes opened lower this morning as investors wait for weekend data on Chinese trade and industrial production. The drop in US unemployment benefits claims didn’t spur much buying, nor did news of the smaller US trade deficit in April. Trading volume has been light today, with just 400 million shares trading hands on the NYSE. Going into the last hour of trading the DJIA is up about 0.5%, the Nasdaq is up about 0.6%, and the S&P 500 is up about 0.8%, and all finished the day higher by less than 1%.

The US dollar index rose today, now up 0.55% at 82.506. The GSCI commodity index is fractionally at 592.05, with commodities prices mostly lower today on the stronger dollar. WTI crude oil closed down -0.9%% at $84.10/barrel. Brent crude trades down -0.24% at $99.69/barrel. Natural gas rose about 1.1% today to $2.299/thousand cubic feet. Gold settled up 0.2% today, at $1,591.40/ounce, but took a weekly loss of about -2%.

The unofficial closing bells put the DJIA up about 93 points to 12,553.97(0.75%), the NASDAQ rose more than 27 points (0.97%) to 2,858.42, and the S&P 500 rose 0.81% or nearly 11 points to 1,325.63.

There were several analyst upgrades and downgrades today, including Cisco Systems Inc. (NASDAQ: CSCO) started as ‘buy’ at Citigroup; SandRidge Energy Inc. (NYSE: SD) started as ‘outperform’ at RBC Capital; Qualcomm Inc. (NASDAQ: QCOM) reiterated as ‘buy’ with a target price of $80 at Argus; Kinder Morgan Inc. (NYSE: KMI) raised to ‘overweight’ at Morgan Stanley; and Lennar Corp. (NYSE: LEN) cut from ‘neutral’ to ‘sell’ at Citigroup.

Earnings reports since markets closed last night have been scarce, but here are some price changes for reporting companies as of the last half hour of trading today: Exide Technologies (NASDAQ: XIDE) is up 16.3% at $2.85; Piedmont Natural Gas Co. Inc. (NYSE: PNY) is up 0.3% at $31.71; Ferrellgas Partners LP (NYSE: FGP) is up 6.9% at $17.25; and KMG Chemicals Inc. (NASDAQ: KMGB) is down -2% at $16.91.

As we approach the quarter’s end there are fewer and fewer notable earnings reports scheduled. Next week we are scheduled to get earnings reports from Finisar Corp. (NASDAQ: FNSR), Michael Kors Holdings Ltd. (NYSE: KORS), FactSet Research Systems Inc. (NYSE: FDS), Korn/Ferry International (NYSE: KFY), Kroger Co. (NYSE: KR), Pier 1 Imports Inc. (NYSE: PIR), and Winnebago Industries Inc. (NYSE: WGO).

Other standouts from today include the following stocks:

Patriot Coal Corp. (NYSE: PCX) is down -9.5% at $1.68. The coal miner took the biggest share price hit today following news that Alpha Natural Resources Inc. (NYSE: ANR) is closing some mines. More coverage here.

Nokia Corp. (NYSE: NOK) is up 5.7% at $2.99. The Finnish handset company was rumored to be the target of a possible takeover by Samsung Electronics. More coverage here.

Navistar International Inc. (NYSE: NAV) is up 16.6% at $28.10. The commercial truck and engine maker got a boost from an increased investment by Carl Icahn, who now owns 12% of the company.

Chesapeake Energy Corp. (NYSE: CHK) is 2.7% at $18.33. The natural gas producer sold $4 billion in assets today (coverage here) and stockholders rejected two current directors by a wide margin at today’s shareholders’ meeting (more coverage here).

Stay tuned for Monday. We have noted the following event (all times Eastern):

11:30 a.m. – 3- and 6-month bill auctions

Have a great weekend!

Paul Ausick

Filed under: Active Trader, HI/LOW, Market Close Tagged: ANR, CHK, CSCO, FDS, FGP, FNSR, KFY, KMGB, KMI, KORS, KR, LEN, NAV, NOK, PCX, PIR, PNY, QCOM, SD, WGO, XIDE

24/7 Wall St. Closing Bell — June 7, 2012 (HAL, ORCL, VZ, CIM, CHTR, CMVT, SJM, LULU, TITN, XIDE, PNY, JVA, TA, RDS-A, MDR, MOH)

Paul Ausick — Thu, 07 Jun 2012 20:08:00 +0000

The three major US stock indexes opened higher this morning following the announcement of an interest rate cut in China (our coverage here). Spain sold more than €2 billion in bonds at slightly more than 6%, a better-than-expected showing (our coverage here). Fed Chairman Ben Bernanke testified before Congress today and let some air out of the notion that another quantitative easing program was coming (our coverage here). Going into the last hour of trading the DJIA is up nearly 1%, the Nasdaq is up about 0.25%, and the S&P 500 is up about 0.65%. By day’s end, only the DJIA would show a slight gain.

The US dollar index fell today, now down -0.31% at 82.068. The GSCI commodity index is up about 1.3% at 593.06, with commodities prices generally higher again today on the weaker dollar. WTI crude oil closed down -0.2%% at $84.82/barrel. Brent crude trades down -0.85% at $99.78/barrel. Natural gas fell about -6% today to $2.276/thousand cubic feet on the weekly EIA storage report (our coverage here). Gold settled down -2.8% today, at $1,588.00/ounce.

The unofficial closing bells put the DJIA up about 46 points to 12,460.96 (0.37%), the NASDAQ rose fell nearly 14 points (-0.48%) to 2,831.02, and the S&P 500 fell 0.01% or less than 1 point to 1,314.99.

There were several analyst upgrades and downgrades today, including Halliburton Co. (NYSE: HAL) cut to ‘neutral’ at Macquarie; Oracle Corp. (NASDAQ: ORCL) maintained as ‘hold’ with a price target of $30 at Canaccord Genuity; Verizon Communications Inc. (NYSE: VZ) reiterated as ‘buy’ and target price raised from $44 to $47 at Argus; Chimera Investment Corp. (NYSE: CIM) started as ‘market perform’ at Wells Fargo; and Charter Communications Inc. (NASDAQ: CHTR) started as ‘outperform’ at Sanford Bernstein.

Earnings reports since markets closed last night have been scarce, but here are some price changes for reporting companies as of the last half hour of trading today: Comverse Technology Inc. (NASDAQ: CMVT) is down -7.6% at $5.61 after posting a new 52-week low of $5.40 earlier today; J.M. Smucker Co. (NYSE: SJM) is up 0.2% at $76.19; Lululemon Athletica Inc. (NASDAQ: LULU) is down -8.5% at $64.06 (more coverage here); and Titan Machinery Inc. (NASDAQ: TITN) is down -20.7% at $26.43.

On Friday, we are scheduled to get earnings reports from Exide Technologies (NASDAQ: XIDE), Piedmont Natural Gas Co. Inc. (NYSE: PNY), and Coffee Holding Co. Inc. (NASDAQ: JVA).

Other standouts from today include the following stocks:

TravelCenters of America LLC (NYSE: TA) is up 16.6% at $5.56. The Interstate Highway system travel center operator has signed a deal with Royal Dutch Shell plc (NYSE: RDS-A) to offer natural gas fueling at a minimum of 100 of TravelCenters’ 238 locations.

McDermott International Inc. (NYSE: MDR) is up 9.6% at $10.70. The construction firm has experienced some serious insider buying. More coverage here.

Molina Healthcare Inc. (NYSE: MOH) is down -30% at $17.81. The supplier of Medicaid solutions withdrew its 2012 guidance complaining of margin pressure in Texas, where costs are higher than premium revenues.

Stay tuned for Friday. Minneapolis Fed President Narayana Kocherlakota is giving a speech. We have also noted the following events (all times Eastern):

8:30 a.m. – International trade
10:00 a.m. – Wholesale trade

Paul Ausick

Filed under: Active Trader, HI/LOW, Market Close Tagged: CHTR, CIM, CMVT, HAL, JVA, LULU, MDR, MOH, ORCL, PNY, RDS-A, SJM, TA, TITN, VZ, XIDE

Morning Movers (CIE, ALU, LNKD, AMRS, XIDE)

Paul Ausick — Fri, 10 Feb 2012 15:24:09 +0000

The three major US equities indexes opened higher this morning as traders react to the failure of the proposed Greek debt swap deal. The DJIA is down about 103 points at about 12,787, the Nasdaq Composite is down nearly 21 points at about 2,907, and the S&P 500 is down about 10 points at around 1,342.

There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Cobalt International Energy Inc. (NYSE: CIE), Alcatel Lucent (NYSE: ALU), LinkedIn Corp. (NASDAQ: LNKD), Amyris Inc. (NASDAQ: AMRS), and Exide Technologies (NASDAQ: XIDE).

After the first half hour of trading this morning, Cobalt Int’l. Energy is up nearly 48% at $35.27 after posting a new 52-week high of $35.87 earlier. Volume is about already about 2.5x the daily average of about 1.5 million shares traded. The independent oil & gas producer reported significantly better-than-expected flows from a test well offshore of Angola.

Alcatel Lucent is up more than 14% at $2.22. Volume is already more than double the daily average of 1.7 million shares traded. The network communications company posted better-than-expected earnings results this morning. See our coverage here.

LinkedIn is up nearly 11% at $84.44. Volume is already more than double the daily average of about 1.8 million shares traded. The professional social network reported much better-than-expected earnings last night. More coverage here.

Amyris is down more than -27% at $7.11 after posting a new 52-week low of $7.07 earlier. Volume is about equal to the daily average of around 218,000 shares traded. The biofuel maker’s stock was downgraded following a negative outlook from the company for 2012..

Exide is down more than -22% at $3.10. Volume is already more than double the daily average of about 1.1 million shares traded. The battery maker missed revenue expectations and forecast lower earnings for the 2012 fiscal year.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: ALU, AMRS, CIE, LNKD, XIDE

24/7 Wall St. Closing Bell (AIXG, AZN, HON, HUM, PAA, ALU, FTEK, IRDM, XIDE, WMS, JRCC, PKT, RJET, OPXA, DYN, TRGT, MSSR, SZYM)

Paul Ausick — Tue, 08 Nov 2011 21:07:29 +0000

Equities started the day with a solid move up, but lost momentum after about half an hour. The downward move lasted into the late morning, at which time stocks started a fitful climb back up. There was no big news to speak of, although the Italian prime minister lost a budget vote which may lead to vote of confidence in his leadership. Crude oil is up about $0.75/barrel and gold is up about $6.40/ounce, to near $1,800/ounce. Commodities are mostly higher as the dollar weakened. Stocks finished the day near session highs.

The unofficial closing bells put the DJIA up more than 101 points to 12,170.18 (0.84%), the NASDAQ rose more than 32 points (1.2%) to 2,727.49, and the S&P 500 rose 1.17% or more than 14 points to 1,275.93.

There were several analyst upgrades and downgrades today, including Aixtron SE (NASDAQ: AIXG), which we noted in our story on LED lighting this morning and was raised to ‘equal weight’ at Morgan Stanley. Other changes included AstraZeneca PLC (NYSE: AZN) cut to ‘underweight’ at Morgan Stanley; Honeywell International (NYSE: HON) raised to ‘buy’ at Citigroup; Humana Inc. (NYSE: HUM) reiterated as ‘buy’ and target price raised to $95 at Argus; Plains All-America Pipeline L.P. (NYSE: PAA) raised to ‘buy’ at Wells Fargo; and Alcatel-Lucent (NYSE: ALU) cut to ‘neutral’ at BofA/ML.

Here are today’s big post-earnings news reactions with prices during the last half-hour of trading: Fuel Tech, Inc. (NASDAQ: FTEK) is up about 22%, at $6.63; Iridium Communications Inc. (NASDAQ: IRDM) is up nearly 16%, at $7.34; Exide Technologies (NASDAQ: XIDE) is down more than -32%, at $3.04, after posting a new 52-week low of $2.98 earlier today; WMS Industries Inc. (NYSE: WMS) is down nearly -17%, at $18.25; James River Coal Corp. (NASDAQ: JRCC) is down nearly -9%, at $9.45; and Procera Networks, Inc. (AMEX: PKT) is up nearly 21%, at $14.31, after posting a new 52-week high earlier today of $14.38.

Several other standouts from today are as follows…

Republic Airways Holdings Inc. (NASDAQ: RJET) is up more than 57%, at $4.24. The company said that it is looking at selling or spinning off its Frontier Airlines unit.

Opexa Therapeutics, Inc. (NASDAQ: OPXA) is up nearly 33%, to $1.37. The company announced that its drug treatment for multiple sclerosis has received the Fast Track designation from the FDA.

Dynegy Inc. (NYSE: DYN) is up more than 28%, at $3.79. The utility company has said that several of its units have filed for bankruptcy. We covered the unusual bankruptcy boost in more detail earlier today.

Targacept, Inc. (NASDAQ: TRGT) is down nearly -59%, at $7.75, a new 52-week low. The company announced this morning that its anti-depressant drug failed a recent first phase trial.

McCormick & Schmick’s Seafood Restaurants Inc. (NASDAQ: MSSR) is up more than 27%, at $8.65. The company has accepted a buyout offer of $8.75/share in cash from Landry’s Inc.

Solazyme, Inc. (NASDAQ: SZYM) is up more than 17%, at $10.98. The company has signed tentative contracts for 90% of its feedstock through 2015. We covered potential upside in the biofuel sector earlier this week.

Stay tuned for Wednesday. Federal Reserve chairman Ben Bernanke is giving a speech in the morning and Federal Reserve governor Daniel Tarullo gives a speech in the afternoon. We have noted the following events (all times Eastern):

7:00 a.m. – Mortgage Bankers Association purchase applications
9:30 a.m. – Wholesale trade report
10:30 p.m. – EIA weekly petroleum status report
1:00 p.m. – US Treasury 10-year note auction

Paul Ausick

Filed under: Active Trader, HI/LOW, Market Close Tagged: AIXG, ALU, AZN, DYN, FTEK, HON, HUM, IRDM, JRCC, MSSR, OPXA, PAA, PKT, RJET, SZYM, TRGT, WMS, XIDE