Mid-day Movers (INFI, RVBD, SOA, INFA, F)
Among the major movers at around noon today are Infinity Pharmaceuticals Inc. (NASDAQ: INFI), Riverbed Technology Inc. (NASDAQ: RVBD), Solutia Inc. (NYSE: SOA), Informatica Corp. (NASDAQ: INFA), and Ford Motor Co. (NYSE: F). Shares of Infinity were off -31% in…
Among the major movers at around noon today are Infinity Pharmaceuticals Inc. (NASDAQ: INFI), Riverbed Technology Inc. (NASDAQ: RVBD), Solutia Inc. (NYSE: SOA), Informatica Corp. (NASDAQ: INFA), and Ford Motor Co. (NYSE: F).
Shares of Infinity were off -31% in early trading this morning and have lost another -6% or so as the company suffers from a cancelled drug trial.
Another big loser this morning has been Riverbed, which remains down more than -21% following a warning on first-quarter revenues.
Solutia has retained its 40% gain. The company is being acquired by Eastman Chemical Co. (NYSE: EMN) for $3.4 billion in cash and stock.
Informatica is still up about 16% following an improved first-quarter outlook.
Ford has moderated its loss somewhat, now down about -3% at $12.35. The company’s earnings were disappointing this morning.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
