Midday movers: BlackBerry, Dick's Sporting Goods

Stocks are mixed, though if the relative outperformance of the Dow continues the index may be able to continue its 6-day streak of new closing highs.

By MSN Money Partner Mar 11, 2013 1:29PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Dell (DELL) shares jumped over 1% after Icahn Enterprises (IEP), which is led by activist investor Carl Icahn, announced it has entered into a confidentiality agreement with the PC maker.

Dick's Sporting Goods (DKS) reported fourth-quarter sales and earnings that missed expectations, along with earnings guidance below the Street's forecast, leading its stock to slide over 9%.

Among the notable gainers was BlackBerry (BBRY), which rose nearly 10% after AT&T (T) confirmed it will offer the company's new Z10 smartphone in the U.S. beginning on March 22 and foreign media reports rekindled rumors that the handset maker may be a takeover target of Lenovo (LNVGY). 

Also higher were shares of Genworth Financial (GNW), which advanced almost 7% after Barron's said the shares were undervalued and Scotia Capital upgraded the stock to Outperform. 

Among the noteworthy losers was Aeterna Zentaris (AEZS), which fell 25% after the company said it was discontinuing a late-stage drug trial on the recommendation of an independent data safety monitoring board. Also lower were shares of Canadian Solar (CSIQ), which fell over 10% following its report of worse than expected sales and losses during its last quarter.
 
2Comments
Mar 11, 2013 4:01PM
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That's a big drop Steve...It's not manipulated that much is it ??
Mar 11, 2013 3:52PM
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Dick's is always moving where I come from.  They typically thrust and manipulate their position later in the day than most.
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