Midday movers: Dell, Sears, OfficeMax

Stocks are higher as meetings in Washington offer hope that a compromise on the fiscal cliff may emerge.

By MSN Money Partner Nov 16, 2012 2:21PM
logoImage, Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Dell (DELL) shares fell 6.5% after its quarterly results missed estimates on both the top and bottom lines and the company called the global demand environment for its core PC business especially "challenging."

Among the notable stock gainers Friday was Penn National (PENN), up 30% after announcing its intent to separate its gaming operating assets and real property assets into two publicly traded companies. 

Also higher were shares of OfficeMax (OMX), up 20% after Boise Cascade, in which it holds a stake, filed to go public via an initial public offering of stock. 

Among the noteworthy losers was Dynavax (DVAX), down 46% after an FDA advisory committee voted that there was insufficient data to adequately support the safety of its Heplisav vaccine. 

Also lower were shares of Sears Holdings (SHLD), down 18% after its quarterly report.
 
Tags: OMXSHLD
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