Midday movers: MetroPCS, Monsanto, Sarepta

Stocks rise as ADP's estimate of private-sector hiring came in better than expected.

By MSN Money Partner Oct 3, 2012 1:36PM
Image Wall Street sign copyright Corbis, SuperStockInformation provided by Theflyonthewall.com

MetroPCS (PCS) shares gave back some of Tuesday's gains, falling over 8% after the expected merger deal with T-Mobile USA, a Deutsche Telekom (DTEGY) subsidiary, was approved and announced by the boards of both companies.

Hewlett-Packard (HPQ) shares slipped over 6% as CEO Meg Whitman, speaking at an analyst event, said the company's turnaround will take time.

Among companies reporting earnings, Monsanto (MON) fell nearly 2% after its fourth-quarter results missed expectations and the company lowered its guidance for the upcoming year, while Family Dollar (FDO) advanced over 3% following its in-line report.

Among the notable gainers were Ocwen Financial (OCN), up more than 14% following its acquisition of Homeward Residential from private equity firm WL Ross, and Sarepta Therapeutics (SRPT), up 160% after the company announced its treatment for a rare muscular disease achieved a significant benefit in a trial. 

Among the noteworthy losers was Leap Wireless (LEAP), down 15% after MetroPCS consummated its deal and JPMorgan downgraded Leap shares, saying a near-term acquisition of the company appears unlikely. 

Also lower was Xyratex (XRTX), down over 15% as well after its earnings and revenue significantly missed expectations.

 
Tags: FDOMONPCSSRPT
< Back to Top Stocks
User Picture
Write a comment...
0Comments

MORE ON MSN MONEY

DATA PROVIDERS

Copyright © 2013 Microsoft. All rights reserved.

Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.

Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. 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 SIX Financial Information.

Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.

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.

131
131 rated 1		262
262 rated 2		442
442 rated 3		602
602 rated 4		720
720 rated 5		585
585 rated 6		612
612 rated 7		456
456 rated 8		279
279 rated 9		124
124 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
ABTAbbott Laboratories10
AIGAmerican International Group Inc10
ATVIActivision Blizzard Inc10
CACA Inc10
CSCOCisco Systems Inc10
More

LATEST POSTS

Ford & other U.S. automakers winning market share

In the never-ending contest for sales, American carmakers are pulling ahead.

FIDELITY VIEWPOINTS

Fidelity Brokerage Services, Member NYSE, SIPC. (c) 2011 FMR LLC. All rights reserved

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.