Midday movers: Aeropostale, Safeway

Stocks are higher after data showed the cost of living in the U.S. rose less than forecast in August.

By MSN Money Partner Sep 17, 2013 2:40PM
SuperStock, CorbislogoInformation provided by Theflyonthewall.com

Among the notable gainers was Aeropostale (ARO), which surged 18% after private equity firm Sycamore Partners announced that it had obtained about an 8% stake in the specialty apparel retailer. 

Another stock moving after an investor built a stake was Safeway (SWY), which advanced almost 9% after the company announced that a "significant amount of its shares" had been acquired recently and it adopted a plan designed to prevent itself from being acquired. 

Also higher were a number of pharmaceutical companies that rose after announcing data from studies of their drugs, including Kythera (KYTH), which gained 25%, and Repros Therapeutics (RPRX), which rose 19%. 

Among the noteworthy losers was Outerwall (OUTR), which owns and operates Redbox movie kiosks. The company's shares sank 12% after it sharply lowered its third quarter and full-year profit guidance. 

Also lower were shares of Werner (WERN), which were downgraded at RBC Capital, KeyBanc and Merrill Lynch and fell 6% following the company's worse than expected Q3 pre-announcement.




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