Stocks to Watch: MO, ES, UA & More
Take a look at some of Monday's midday movers:
Garmin moved lower as Oppenheimer and company pointed to falling demand for its auto devices due to global economic weakness.
EnergySolutins plummeted after the company cut its guidance for the year. It also approving David Lockwood as CEO and President of the company.
Tobacco stocks including Altria,Philip Morris International,Lorillard, and ReynoldsAmerican all gained as investors looked for a defensive play.
Under Armour rose after the company announced a 2-for-1 stock split, its first since going public.
BP moved higher after a published report said the company hopes to pay less than $15 billion to settle all penalties with the Department of Justice over its Gulf of Mexico oil spill.
Diamond Foods skidded after the company said it won’t meet Nasdaq deadline to file its quarterly reports.
Fresh Market also fell after its announced a secondary stock offering. The company said some of its shareholders offered to sell about 10 million shares of its stock.
Forest Labs moved lower after it slashed its profit forecast. Generic versions of its blockbuster anti-depressant drug Lexapro took a bigger bite into profits than expected.
ZaZa Energy soared after the company reached an agreement with Hess that will give ZaZa $85 million plus increase its acreage in Texas.
Omnicare fell after CEO John Figueroa stepped down after just 17 months on the job of the nursing home pharmacy operator. The stock had risen 31 percent under his tenure.
Edwards Lifesciences jumped after the FDA said its Sapien heart valve met its safety and effectiveness goals in clinical research. But it also expressed caution about the risk of stroke and aortic leakage.
State Street rose after reports that Goldman Sachs is close to signing a deal with the bank to sell its hedge fund administration business. Hedge fund administrators provide back office services for the $2 trillion industry.
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