Midday movers: Fossil, DirecTV, Ruckus Wireless

Stocks are up as the Dow and S&P again hit new highs.

By MSN Money Partner May 7, 2013 1:49PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Electronic Arts (EA) declined about 0.5% after announcing last night that it struck a multi-year agreement with Disney (DIS) to partner on Star Wars video games. Disney, which like EA is scheduled to issue its quarterly report after Tuesday's close, rose 0.5%. 

Among the notable gainers after their earnings reports were Fossil (FOSL), which added 9%, and DirecTV (DTV), which gained nearly 7%. 

Also higher were shares of Arena Pharmaceuticals (ARNA), which rose over 8% after a Drug Enforcement Administration document indicated its weight-loss drug Belviq will be classified as a Schedule IV controlled substance. 

Among the noteworthy losers was Ruckus Wireless (RKUS), which slid 25% after its first quarter results missed expectations and shares were downgraded at Lazard Capital. 

Also lower were shares of Aruba Networks (ARUN), which fell 23% after the company said weakness in April led it to lower its quarterly outlook. 
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