Midday movers: Sears, Pandora, First Solar

Stocks are lower at midday and the sluggish trading environment persists as investors remain on the sidelines ahead of Bernanke speech.

By MSN Money Partner Aug 30, 2012 12:54PM
Wall Street sign copyright Corbis SuperStockInformation provided by Theflyonthewall.com

DuPont (DD) agreed to sell its Performance Coatings business to Carlyle Group (CG) for $4.9 billion. Shares of the two moved in opposite directions following the announcement, with DuPont down about 0.5% and Carlyle up about 0.4%.

U.S. retailers, including Target (TGT), Macy'’s (M), Gap (GPS), Limited Brands (LTD) and Costco (COST), delivered strong comparable sales for August that were boosted by back-to-school buying.

Among the notable market gainers Thursday were Flagstone Reinsurance (FSR), up 21% after agreeing to be purchased by Validus (VR) in a cash and stock deal, and Pandora (P), up 19% after it reported a break-even Q2, surpassing estimates, and issued a better-than-expected Q3 revenue forecast. 

Among the noteworthy losers were Ciena (CIEN), down over 17% following its disappointing Q3 results and Q4 guidance, and First Solar (FSLR), down 14% after the construction manager for the huge Agua Caliente solar project said it was halting deliveries from the company because construction is ahead of schedule. 

Also lower were shares of Sears Holdings (SHLD), down about 8% after news that the company's stock will be deleted from the S&P 500 index as of the close on Sept. 4. 
0Comments

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.

108
108 rated 1
257
257 rated 2
439
439 rated 3
626
626 rated 4
499
499 rated 5
530
530 rated 6
713
713 rated 7
522
522 rated 8
339
339 rated 9
136
136 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
UPLULTRA PETROLEUM Corp10
EOGEOG RESOURCES Inc10
SWNSOUTHWESTERN ENERGY COMPANY10
TAT&T Inc9
COPCONOCOPHILLIPS9
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.