Midday movers: Best Buy, Urban Outfitters, Dex One
Stocks on Wall Street are mixed in another tame session.
Best Buy (BBY) fell another 2% after declining yesterday. The company's earnings and revenue fell short of consensus and it withdrew its full-year guidance.
Among others reporting earnings, Nordson (NDSN) advanced and Barnes & Noble (BKS) declined.
Among the notable gainers Tuesday was Urban Outfitters (URBN), up over 17%, as its Q2 results prompted upgrades and price target increases around the Street.
Also higher were Dex One (DEXO), up 40%, and SuperMedia (SPMD), up 54%, as both benefited from their announcement of plans to combine in a stock-for-stock merger of equals.
Among the noteworthy losers were VirnetX (VHC), down over 5%, after the International Trade Commission denied the company's motion to re-examine its patent complaint against Apple (AAPL), and ImmunoCellular (IMUC), down 16%, following the resignation of its CEO.
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The tech giant should step out of a politically charged debate on taxation and into growth mode.
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