Market Update After Hours December 19

Market Summary

Dow Jones 13,251.97 -98.99 (-0.74%)
S&P 500 1,435.81 -10.98 (-0.76%)
Nasdaq 3,044.36 -10.17 (-0.33%)

Gainers

Alterra Capital Holdings Ltd (NASDAQ:ALTE) 28.18 +5.03 (21.73%). The insurance company Markel is buying Alterra Capital in a cash-and-stock deal worth nearly $3 billion. Markel Vice Chairman Steven Markel said Wednesday that Alterra’s reinsurance and large account insurance portfolios will help to diversify the company. Alterra Capital Holdings Ltd. stockholders will receive $10 per share and will have the right to receive 0.04315 Markel common shares for each Alterra share they own. Markel said that this will give Alterra stockholders $31 per share, which is a 34 percent premium to the company’s Tuesday closing price of $23.15. Alterra currently has about 96 million outstanding shares, according to FactSet.

National Bank of Greece (ADR) (NYSE:NBG) 1.88 +0.17 (9.94%). The company said that it would be involved in a large bond repurchase plan that intends to lower the country’s debt load, while securing the disbursement of its international bailout loans. The government will spend approximately €10 billion, or $13 billion, in the buyback, which will offer between 30% and 40% of the face value.

NII Holdings, Inc. (NASDAQ:NIHD) 7.34 +0.55 (8.10%) Zacks reissued neutral rating on NII Holdings. The firm currently has a $5.50 target price on the stock. The Company has appointed Steven M. Shindler who is currently Chairman of the Board to the additional position of interim Chief Executive Officer.

Thor Industries, Inc. (NYSE:THO) 36.99 +2.71 (7.91%). On December 14, Thor Industries, Inc.’s Director, Alan Siegel, invested $73,160.00 into 2,000 shares of THO, for a cost per share of $36.58.

Banco Bradesco S.A. (NYSE:BBDO) 17.03 +1.23 (7.78%) . It will pay an extra dividend of $0.2110 on March 7, and the yield of this special dividend will be 1.22% based on yesterday’s closing price of $17.26.

Losers

Herbalife Ltd. (NYSE:HLF) 37.34 -5.16 (-12.14%) Herbalife Ltd announced that it entered into a definitive agreement to purchase a manufacturing facility in Winston Salem, North Carolina. This purchase further expands Herbalife`s global manufacturing capacity and is in line with the Company`s stated strategy to Increase self-manufacturing for its products

Markel Corporation (NYSE:MKL) 436.24 -49.81 (-10.25%)

Nu Skin Enterprises, Inc. (NYSE:NUS) 41.54 -4.14 (-9.06%) . The maker of anti-aging products said it plans to boost its regularly scheduled dividend payments by 50 percent next year

Navistar International Corp (NYSE:NAV) 20.92  -1.93 (-8.45%) Truck and engine maker Navistar International Corp. (NAV) Wednesday reported a loss for its fourth-quarter, reflecting a non-cash tax expense, lower revenues as well as charges related to its cost-reduction actions. In pre-market trading the shares fell about 5 percent.

Actuant Corporation (NYSE:ATU) 27.35 -2.25 (-7.60%) Lifshitz Law Firm announces an investigation into possible breaches of fiduciary duty in connection with the proposed vote scheduled for January 15, 2013 to approve an amendment to the Actuant Corporation (“Actuant”) (NYSE: ATU – News) 2009 Omnibus Incentive Plan (the “Plan”) to, among other things, increase the number of shares of Class A common stock issuable under the Plan by an additional 4,000,000 shares.  The increase in the number of Class A common stock could have a substantial dilutive effect on Actuant stock.

After Hours Most Active

NYSE Ten Most Active Share Volume

Symbol Company Last Sale Share Volume
ANR Alpha Natural Resources, inc.

$9.47

7,041,381

S Sprint Nextel Corporation

$5.46

3,883,710

AES The AES Corporation

$10.94

2,690,352

PFE Pfizer, Inc.

$25.45

2,652,041

SD Sandridge Energy Inc.

$7.05

2,147,891

GE General Electric Company

$21.01

2,012,338

BNS Bank of Nova Scotia (The)

$58.60

2,000,000

BAC Bank of America Corporation

$11.15

1,976,131

JPM J P Morgan Chase & Co

$43.51

1,786,961

MRK Merck & Company, Inc.

$43.60

1,579,564

NASDAQ Ten Most Active Share Volume

Symbol Company Last Sale Share Volume
WCRX Warner Chilcott plc

$11.52

5,157,655

FLEX Flextronics International Ltd.

$6.15

2,105,940

DISH DISH Network Corporation

$35.67

1,943,199

FOLD Amicus Therapeutics, Inc.

$2.78

1,664,674

FTR Frontier Communications Corporation

$4.46

1,639,910

MSFT Microsoft Corporation

$27.30

1,496,334

QQQ PowerShares QQQ Trust, Series 1

$66.15

1,351,668

WIN Windstream Corporation

$8.89

1,062,228

INTC Intel Corporation

$21.10

775,890

CSCO Cisco Systems, Inc.

$20.26

747,292

edliston

edliston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.