Midday movers: Toyota, BCD Semi, JC Penney
Stocks are lower after consumer confidence falls and a leading Democrat warns that there may not be enough time left to avoid a trip over the fiscal cliff.
U.S. listed shares of Toyota Motor (TM) rose about 1.75% after the company agreed to a settlement valued over $1 billion related to previous recalls over claims of accelerator pedal problems
Among the notable gainers was BCD Semiconductor (BCDS), which rose 92% to $7.64 after agreeing to be acquired by Diodes (DIOD) for $8.00 per U.S. listed share. Diodes, meanwhile, rose over 3% following the deal.
Also higher were shares of Smith & Wesson (SWHC), which advanced more than 3% after the company expanded its share repurchase program.
Among the noteworthy losers were RadioShack (RSH), which fell over 6%, and J.C. Penney (JCP), which declined nearly 6% as well, after both were mentioned by The Wall Street Journal among four retailers that may face a particularly challenging and important year in 2013.
The other two, Best Buy (BBY) and Sears Holdings (SHLD), also saw their shares fall more than the broader market.
Copyright © 2014 Microsoft. All rights reserved.
Specialty apparel is doing incredibly well, with fantastic growth and terrific gross margins.
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.