Midday movers: Ford, Yamana Gold, MicroVision

Stocks slide following disappointing monthly jobs report.

By MSN Money Partner Jun 1, 2012 12:42PM
Information provided by Theflyonthewall.com

All the major automakers declined more than the broader market after reporting their May sales figures, with Chrysler owner Fiat (FIATY) lower by 5%, Ford (F) down over 3.5%, and General Motors (GM) and Toyota (TM) shares both faring only a bit better, off by about 2.5%.

Numerous gold-mining stocks rose amid the negative global macro reports, with Barrick Gold (ABX), Goldcorp (GG), Newmont Mining (NEM) and Yamana Gold (AUY) all higher by at least 7%.

Among the notable gainers were PharmAthene (PIP), up 42%, after a court issued its final judgment awarding the company 50% of the net profits over a period of ten years from all sales of SIGA Technology's (SIGA) smallpox antiviral treatment, and MicroVision (MVIS), up 21%, after announcing it has received purchase orders from Pioneer valued at over $4M.

Noteworthy losers included OmniVision (OVTI), down 15%, after reporting lower than expected Q4 earnings and predicting that its EPS for the current quarter would come in below consensus, and Leap Wireless (LEAP), down nearly 10%, following a downgrade at BMO Capital, which cited the stock's relative valuation and margin pressure on the company from its new iPhone deal.
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