Midday movers: RadioShack, American Greetings

Stocks slide as protests in Greece and Spain ratchet up investor anxiety.

By MSN Money Partner Sep 26, 2012 1:26PM
Image, Wall Street sign copyright Comstock Images, age fotostocklogoInformation provided by Theflyonthewall.com

RadioShack's (RSH) CEO James Gooch agreed to step down immediately, to be replaced on an interim basis by CFO Dorvin Lively while the company looks for a permanent replacement. Shares of the electronics retailer briefly rallied after the news, but then gave up their gains to be fractionally lower near noon.

Among the notable stock market gainers Wednesday was American Greetings (AM), up nearly 17% to $16.76 after the company received a go-private offer from a group led by its CEO and COO, who offered to buy the remaining stake not owned by their family for $17.18 per share. 

Also higher were shares of CalAmp (CAMP), up 12% after its quarterly results and outlook beat expectations. 

Among the noteworthy losers were Blyth (BTH), down nearly 18% after its ViSalus unit withdrew its initial public offering plans, and Jabil Circuit (JBL), down over 9% after its earnings and guidance came in below the Street's expectations.
Tags: AMRSH
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