12:10 PM New York – YRC Worldwide reached a last minute agreement with its bond holders that will dilute shareholders more than expected. Scanning and detection security systems providers surged for the second day in a row on the hopes of higher sales after a failed terrorist attempt.
Of the stocks in S&P 500 index, 265 increased, 216 declined and 19 were unchanged.
Regions Financial Corporation led the decliners in the S&P 500 index with a loss of 2% followed by losses in FedEx Corporation of 1.2% and in The New York Times Company of 0.8%, in Carnival Corporation of 0.7% and in Huntington Bancshares Incorporated of 0.6%.
The Interpublic Group of Companies, Inc led gainers in the S&P 500 index with a rise of 4.1% followed by gains in Micron Technology, Inc 1.7%, in Novell, Inc of 1.6% and in Titanium Metals Corporation of 1.6%.
Other Movers
Biodel Inc (
BIOD) increased 9.2% to $4.51 after the company requested an approval for its insulin for the treatment of diabetes.
Carnival Corporation (
CCL) the cruise operator dropped 0.3% or 10 cents to $32.00.
China Valves Technologies Inc (
CVVT) dropped 6.1% to $9.35 after it agreed to sell 2.41 million shares at $9 each to raise $21.7 million. The direct offering was priced at 11% discount to the yesterday’s closing price.
FedEx Corporation (
FDX) the parcel delivery company fell 1.4% or $1.26 to $83.91.
ICx Technologies, Inc (
ICXT) increased 12.7% or $1.07 to $9.60, the second day jump of more than ten percent. The security systems providers have surged after a failed terrorist attempt on a flight bond to Detroit from Amsterdam on Dec 25.
Intellicheck Mobilisa Inc (
IDN) surged 73% to $4.14 on the expectations that the company will receive new orders for its scanning devices used to check if the passenger is on a security watch list. The scanners made by the company currently checks 140 lists and have a capacity to expand to 1,000.
The Interpublic Group of Companies, Inc (
IPG) an advertising agency added 3% or 22 cents to $7.50.
Kforce Inc (
KFRC) the recruitment firm decreased 0.2% or 3 cents to $12.67.
Micron Technology, Inc (
MU) the semiconductor maker advanced 0.7% or 8 cents to $10.72.
Marvell Technology Group Ltd (
MRVL) increased 0.2% or 5 cents to $20.88 after the maker of chips for computers and mobile phones was upgraded to “buy” from “hold” at Kaufman Brothers LP.
The New York Times Company (
NYT) the media group fell 1.9% or 25 cents to $12.38.
Novell, Inc (
NOVL) climbed 2.1% or 8 cents to $4.22.
Nvidia Corporation (
NVDA) rose 0.8% or 16 cents to $18.83 after the maker of graphics chips was upgraded to “buy” from “hold” at Kaufman Brothers LP.
Quixote Corp (
QUIX) soared 114% to $6.33 after it agreed to be acquired by Trinity Industries Inc for $61 million or $6.38 a share. The company makes highway transportation safety products and had sales of $94 million and a loss of $11.1 million in the fiscal year ending in June 2009.
Regions Financial Corporation (
RF) decreased 0.9% or 5 cents to $5.27 and the financial company said that it has exceeded its goal of opening one million new checking accounts for consumers and small businesses in 2009.