Midday movers: Tesla, Barnes & Noble

Stocks are lower despite the fact that unemployment claims dropped to the lowest level in 5 years last week.

By MSN Money Partner May 9, 2013 1:02PM
Wall Street sign copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Electric car maker Tesla Motors (TSLA) surged over 25% higher after reporting sales that beat expectations along with its first ever quarterly profit.

Pharmaceutical services provider Quintiles (Q), which was among six initial public offerings that began trading this morning, soared after its debut. In midday trading, Qunitiles jumped about 9% from its initial offering price. 

Among the notable gainers was Barnes & Noble (BKS), which jumped 19% after the technology website TechCrunch said its joint venture partner Microsoft (MSFT) is considering purchasing the digital assets of Nook Media for $1 billion. (Microsoft owns and publishes Top Stocks, an MSN Money site.) 

Also higher was Green Mountain Coffee Roasters (GMCR), which advanced 25% after reporting higher than expected earnings per share, raising its fiscal 2013 EPS guidance and renewing its partnership with Starbucks (SBUX) for at least five years. 

Among the noteworthy losers Rackspace (RAX), which fell 26% and was downgraded by at least four firms following its quarterly report, though Stephens broke with the trend and upgraded the shares to Overweight. Also lower after their own quarterly reports were LivePerson (LPSN), which fell 34%, and Dendreon (DNDN), down 11%.  
1Comment
May 9, 2013 1:35PM
avatar
So when do I get my Tesla check since I'm helping buy ever damn car sold with the welfare tax credit???????????????????
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