Information provided by Theflyonthewall.com
As retailers continue their turn during the nearly finished earnings season, two prominent ones saw their shares move in opposite directions following their quarterly reports. Target
) shares slid about 1% in spite of headline adjusted earnings that were better than expected, while TJX
) rose about over 1% following its report and planned dividend increase.
Among the notable gainers were Dollar Tree
), up over 12% following its earnings report, and Zogenix
), which rose 35% after Street analysts said the FDA's decision to delay its decision on one of the company's drugs could be a positive.
Among the noteworthy losers was Accretive Health
), which dropped 25% and was downgraded at Dougherty following its Q4 earnings postponement due to an accounting review. Also lower were shares of Cincinnati Bell
), down 23%, and First Solar
), down over 14% following their earnings reports.