U.S. Movers: Cal-Maine, Eastman Kodak, GSI Commerce, Wabtec

Mukesh Buch
28 Mar, 2011
New York City

American Express released its online payment gateway. eBay agreed to acquire GSI Commerce for $2.4 billion. Rural-Metro agreed to take company private for $438 million. Wabtec Corporation soared as much as 10% after it forecast higher first quarter earnings per share.

[R]12:00 PM New York – American Express released its online payment gateway. Rural-Metro agreed to take company private for $438 million. Wabtec Corporation soared as much s 10% after it forecast higher first quarter earnings per share.[/R]

Of 30 the stocks in the Dow, 26 increased and 4 decreased.

Of the stocks in the Dow Jones Industrial Average, AT&T Inc. led the gainers with a rise of 1.87%, followed by increase in Bank of America Corporation of 1.42%, in Verizon Communications Inc. of 1.38%, in Intel Corporation of 1.37%, in Cisco Systems, Inc. of 1.27%.

Wal-Mart Stores, Inc led the decliners with a fall of 0.33%, followed by decline in The Home Depot, Inc. of 0.32%, in Merck & Co. of 0.20%, in The Walt Disney Company of 0.12%.

Other Movers

Alcatel-Lucent ((ALU)) soared 7.8% or 42 cents to $5.76 after Goldman Sachs made positive comments on the company and increased its stock rating on price basis.

American Express Company ((AXP)) rose 0.7% or 34 cents to $45.93 after the charge card company released its online payment gateway called Serve.

Cal-Maine Foods, Inc. ((CALM)) gained 4.7 % or $1.33 to $29.15 after the shell eggs producer and marketer reported third quarter net sales edged up to $274.7 million from $271.2 million a year ago. Net income in the quarter fell to $33.6 million or $1.40 per diluted share compared to $34.5 million or $1.45 per share in the previous year.

Eastman Kodak Co. ((EK)) soared 11.1% or 38 cents to $3.78 after the U.S. International Trade Commission said it will review a recent patent ruling that Research in Motion and Apple did not violate its digital camera patents.

Industrial Services of America, Inc. ((IDSA)) surged 18.3% or $1.84 to $11.89 after the steel and waste recycler said fourth quarter revenue soared 164% to $99.5 million from $37.7 million a prior year. Net income in the quarter increased 52 % to $2.0 million or 30 cents per diluted share compared to $1.5 million or 29 cents per share a year ago.

Lululemon Athletica Inc ((LULU)) increased 4.8% or $3.78 to $82.48 after the retailer of casual and athletic wear reported better than expected earnings last week and the stock extended gains.

On Track Innovations Ltd. ((OTIV)) declined 7.1% or 18 cents to $2.34 after the Israel based smart card technology designer said fourth quarter revenue increased from $8.60 million to $10.04 million. The revenue increase and better margins helped the company to cut the losses.

Net loss in the quarter shrunk from $9.22 million or 39 cents per diluted share compared to $4.22 million or 17 cents per share a year ago.

Rural/Metro Corporation ((RURL)) soared 36.6% or $4.60 to $4.57 to $17.15 after the private equity company agreed to take the company private at $17.25 a share or for $438 million.

TearLab Corp. ((TEAR)) soared 6.4% 12 cents to $1.99 after the Canada based diagnostic company said fourth quarter revenue soared 164% to $798,000 from $265,000 a prior year. Net loss in the quarter increased to $0.9 million or 6 cents per diluted share compared to $1.7 million or 17 cents per share a year ago.

Westinghouse Air Brake Technologies Corporation ((WAB)) surged 9.5% or $5.61 to $64.51 after the technology-based equipment provider forecast earnings per diluted share to be between 77 cents and 82 cents.

Wal-Mart Stores, Inc. ((WMT)) fell 0.5% or 29 cents to $52.06.