Midday movers: Advanced Micro Devices, Merrimack

Stocks are higher as the S&P 500 eclipses its all-time closing high.

By MSN Money Partner Jul 11, 2013 1:23PM
Corbis, SuperStocklogo Information provided by Theflyonthewall.com

Microsoft (MSFT) announced the details of what the company called its "One Microsoft" reorganization plan.  

Among the notable gainers was Bridgepoint Education (BPI), which surged 20% after the company's flagship college, Ashford University, was granted accreditation, after having been denied accreditation last year. 

Also higher were shares of Advanced Micro Devices (AMD), which rose nearly 10% following upgrades at two Street research firms. 

Among the noteworthy losers was Merrimack Pharmaceuticals (MACK), which fell 20% after the company filed to sell $50M in common stock and $75M in convertible senior notes. Also lower was Kodiak Oil & Gas (KOG), which slid more than 2% after the Wall Street Journal said, citing sources, that the company had hired bankers last year to field interest from possible takeover suitors, though talks with potential buyers did not result in a deal. 

(Microsoft owns and publishes Top Stocks, an MSN Money site.)
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