Concerns Of Contracting Global Economy Weighs Down Markets
Posted on March 22, 2012 at 18:26 PM EDT
Concerns about a contracting global economy weighed the markets down to a lower close with the Dow dropping 78 points to 13,046. Nasdaq fell 12 points to 3063.
On the upside
Needham analyst Richard Kugele upgraded Western Digital (NYSE: WDC) to a Strong Buy rating and lifted his price target from $50 to $66.
Shares of Watson Pharmaceuticals (NYSE: WPI) continued rising after reports surfaced yesterday that the company was close to signing a deal to acquire Actavis.
Dollar General (NYSE: DG) reported higher fourth quarter earnings that beat analyst expectations and forecast 2012 revenue ahead of estimates.
On the downside
Cenveo (NYSE: CVO) amended its pending cash tender offer.
Citigroup initiated coverage of The Governor and Company of the Bank of Ireland (NYSE: IRE) with a Sell rating.
Plug Power (Nasdaq: PLUG) will offer common stock in order to raise capital.
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks fell 8 points to 821.
Large Cap Movers (ISIS Pharmaceuticals, Cenveo, Activision Blizzard, Heckmann Corporation)
May 10, 2013
Cenveo Completes Refinancing of Credit Facilities
April 16, 2013
Macquarie Starts Cenveo (CVO) at Neutral
April 16, 2013
Top Stock Movers: Avis Budget Group Inc, Cenveo, Barrick Gold Corporation, Ball Corporation
March 28, 2013
Micro Stocks Trading Actively: Stoneridge, Vipshop Holdings Ltd, QuinStreet Inc, Oxford Resource Partners
March 12, 2013
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