Information provided by Theflyonthewall.com MetroPCS
) shares gave back some of Tuesday's gains, falling over 8% after the expected merger deal with T-Mobile USA, a Deutsche Telekom
) subsidiary, was approved and announced by the boards of both companies.
) 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
) fell nearly 2% after its fourth-quarter results missed expectations and the company lowered its guidance for the upcoming year, while Family Dollar
) advanced over 3% following its in-line report.
Among the notable gainers were Ocwen Financial
), up more than 14% following its acquisition of Homeward Residential from private equity firm WL Ross, and Sarepta Therapeutics
), 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
), 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
), down over 15% as well after its earnings and revenue significantly missed expectations.