Midday movers: Herbalife, Amicus Theraputics

Stocks are lower a despite a better-than-expected University of Michigan Consumer Confidence reading.

By MSN Money Partner Feb 15, 2013 2:17PM
Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

Share of Herbalife (HLF) jumped over 11% after Carl Icahn disclosed he has taken a stake of about 13% in the company, which has been a short target of Pershing Square's Bill Ackman. 

Icahn's disclosure, in which he said that he will talk with Herbalife management about business and strategic alternatives to enhance shareholder value, comes three weeks after the public feud between himself and Ackman on CNBC.

A number of companies in the Food Processing industry reported earnings or issued guidance this morning after many stocks in the sector were higher Thursday following Berkshire's (BRK.A) acquisition of Heinz (HNZ). 

Campbell Soup (CPB) and JM Smucker (SJM) advanced modestly following their quarterly reports, while Kraft Foods (KRFT) shares were nearly unchanged after it issued guidance.

Among the notable gainers following their earnings reports were Qlik Technologies (QLIK) and InContact (SAAS), which both rose about 17%. Among the noteworthy losers was LogMeIn (LOGM), which fell nearly 29% after its disappointing results and guidance prompted multiple analyst downgrades. 

Also lower were shares of Amicus Theraputics (FOLD), down 23% after it presented additional data from a study of one of its drugs.
3Comments
Feb 18, 2013 9:07AM
avatar
If anybody here is interested in trading I recently found a great website and they are running a special right now. Just Google the website Traders Superstore, this is an excellent place to go to learn to trade. I'm glad I found them because they are nice people and very helpful and knowledgeable about trading. And their support is the best I've seen I email them in the email me back in five minutes, it's really a great place they should all be like that.

Feb 18, 2013 9:06AM
avatar

Whoever it was on here that recommended the website Traders Superstore I want to say thanks. You are right they have been very helpful to me in learning to trade. I now have hope that I can quit my job and trade full-time. Trading is not as hard as I thought it was but it helps to learn from the right place.


Feb 18, 2013 9:05AM
avatar
Don't make the same mistake I did and try to trade the Forex market that is a losing market for sure. Go to the website Traders Superstore, that's where I went now I'm trading the futures market which is so much better than the Forex. Trading the futures I've not had a losing week yet and I'm getting better and better at it.
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

133
133 rated 1
286
286 rated 2
441
441 rated 3
737
737 rated 4
614
614 rated 5
606
606 rated 6
621
621 rated 7
441
441 rated 8
317
317 rated 9
122
122 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
BBBYBED BATH & BEYOND INC10
TWXTIME WARNER Inc10
COPCONOCOPHILLIPS9
HDHOME DEPOT Inc9
VZVERIZON COMMUNICATIONS9
More

VIDEO ON MSN MONEY

ABOUT

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.