Gainers:
Research In Motion Limited (RIMM: Quote) is rising nearly 13 percent to $12.50 based on the news that Goldman Sachs has upgraded the company to buy from neutral.
Infoblox Inc. (BLOX: Quote) is rising 25 percent to $17.40 following the release of its first quarter results.
Decliners:
Tiffany & Co. (TIF: Quote) is decining nearly 8 percent to $58.90. The company’s third quarter earnings declined 30 percent and were below Wall Street view. Worldwide net sales for the quarter rose 4 percent, but missed the consensus estimate. The company said it continues to maintain a cautious near-term outlook about global economic conditions. The company also lowered its full-year guidance.
Target Corp. (TGT: Quote) is falling more than 3 percent to $60.70. The company’s comparable store sales for the month of November dropped 1.0 percent, while sales dropped 0.1 percent. The company noted that November sales were below its expectations, reflecting weaker-than-planned sales performance in the first two weeks.
Gap Inc. (GPS: Quote) is down over 2 percent to $34.97. The company’s comparable sales for November 2012 were up 3 percent, compared with a 5 percent decrease in the comparable period a year earlier.
Macy’s, Inc. (M: Quote) is down over 2 percent to $39.30. The company November same-store sales declined 0.7 percent, while total sales 0.6 percent. The company said it is not able to overcome the weak start to the month, despite the largest-volume Thanksgiving weekend in its history.
Nordstrom, Inc. (JWN: Quote) is down over 3 percent to $53.22. The company reported a 1.1 percent decrease in same-store sales for the four-week period ended November.
Trading halt:
Trading in shares of New Frontier Media Inc. (NOOF: Quote) was halted.Trading in shares of Theravance Inc. (THRX: Quote) was halted.
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by RTT Staff Writer
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