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Investing

Mid-day Movers (INFI, RVBD, SOA, INFA, F)

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By Paul Ausick Published
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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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About the Author Paul Ausick →

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.

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