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.

By MSN Money Partner Jun 26, 2012 1:41PM
Information provided by Theflyonthewall.com

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.
Tags: APOLNWSA
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