Midday movers: News Corp, Apollo, Sapient
Stocks climb slightly as reports show that home prices rose in many U.S. cities, but consumer confidence fell.
News Corp. (NWSA) confirmed multiple reports that the company is considering a restructuring to separate its business into two distinct publicly traded companies, splitting its publishing assets from its entertainment businesses. Investors responded positively, sending shares up more than 6%.
Among the notable gainers Tuesday was Apollo Group (APOL), up more than 7%, following its better-than-expected earnings report, and Supernus Pharmaceuticals (SUPN), which saw its share price more than double after the company received a tentative approval letter from the FDA for its Trokendi XR drug.
Among the noteworthy losers were Valueclick (VCLK), down 9%, after being downgraded at Piper Jaffray, which cited slowing ad network growth, and Sapient (SAPE), down nearly 6%, following a downgrade to a "sell" rating at Goldman Sachs, which cited the company's high exposure to the financial segment and Europe.
Copyright © 2014 Microsoft. All rights reserved.
Serious issues like drought and the deterioration of the developed world spell opportunity for this industry leader.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.