Midday movers: Sprint, lululemon, Catamaran

Stocks are lower, but well off their earlier lows after the Bank of Japan held off from implementing any additional stimulus measures.

By MSN Money Partner Jun 11, 2013 2:29PM
 Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Sprint (S) shares rose over 2% after Japan's Softbank (SFTBF) increased its offer to acquire the telecom company in the face of a potential rival bid from DISH Network (DISH).

Among the notable gainers was Catamaran (CTRX), which was upgraded by at least three Wall Street firms and rose 11% after announcing a 10-year strategic pharmacy benefits deal with Cigna (CI)

Also higher were shares of Questcor (QCOR), which jumped 19% after buying the rights to develop Synacthen from Novartis (NVS). 

Among the noteworthy losers was GenMark Diagnostics (GNMK), which fell 24% after Natural Molecular Testing launched a cardiac testing panel using technology from GenMark's competitor Luminex (LMNX). 

Also lower were shares of yoga apparel maker lululemon (LULU), which fell 17% after its CEO announced plans to step down and the stock was downgraded at Sterne Agee and UBS.  
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