Midday movers: Goldman Sachs, Wendy's

Stocks climb on data showing US manufacturing grew unexpectedly in September.

By MSN Money Partner Oct 1, 2012 12:59PM
Image, Wall Street sign, copyright Corbis, SuperStockBarron's said over the weekend that Goldman Sachs (GS) shares could rally 25% in the next year and about 4% of the predicted move higher came during early trading Monday.

Among the notable stock market gainers were Ceradyne (CRDN), up 43% to $34.92 after agreeing to be acquired by 3M (MMM) for $35 per share, and Versant (VSNT), up 15% to $11.33 following its deal to be to be acquired by UNICOM Systems for $11.50 per share. 

Among the noteworthy losers was Gordmans Stores (GMAN), down over 24% after the company warned its same-store sales declined 2.1% quarter to date and cut its earnings view. Also lower were shares of Wendy's (WEN), which slid about 5% following a downgrade to a "neutral" rating at Janney Capital. 
Tags: GSMMMWEN
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