Market Update After Hours January 2

Market Summary

Dow Jones

13,412.55

308.41

-2.35%

S&P 500

1,462.42

36.23

-2.54%

Nasdaq

3,112.26

92.75

-3.07%

Gainers

Turquoise Hill Resources Ltd (USA) (NYSE:TRQ) 8.73 +1.12 (14.72%). The company announced that Oyu Tolgoi celebrated the commissioning of the mine’s concentrator with an event attended by Minister of Mining D. Gankhuyag and other members of the Mongolian Parliament. Minister Gankhuyag commemorated the occasion by activating the concentrator’s ore-processing circuit for the first time.

Giant Interactive Group Inc (ADR) (NYSE:GA) 5.98 +0.57 (10.54%)

Molycorp Inc (NYSE:MCP) 10.39 +0.95 (10.06%)  A report from Bloomberg which says Molycorp Inc (MCP) could be bought out has sparked a significant increase in the company’s stock.

Banco Bradesco S.A. (NYSE:BBDO) 17.05 +1.53 (9.86%) BBDO has announced an ex-dividend date of January 03, 2013 and a cash dividend payment of $0.0091 per share scheduled for February 11, 2013. Shareholders who purchased BBDO stock prior to the ex-dividend date are eligible for the cash dividend payment. This represents an -96.32% decrease from the prior month.

PolyOne Corporation (NYSE:POL) 22.20 +1.78 (8.72%) Jefferies & Company assumed coverage on PolyOne Corporation (POL) with a Buy rating and $24.00 price target.

Losers

Mindray Medical International Ltd (ADR) (NYSE:MR) 30.17 -2.53 (-7.74%). On 31st Dec at a meeting, Mindray shareholders approved the re-election of incumbent directors Xu Hang, Ronald Ede and Chen Qingtai, each to serve a three-year term. In addition, Mindray shareholders ratified the appointment of  PricewaterhouseCoopers as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2012.

NII Holdings, Inc. (NASDAQ:NIHD) 6.71 -0.42 (-5.89%) The company has recently announced that its Board of Directors has appointed Steven M. Shindler, currently Chairman of the Board, to the additional position of interim Chief Executive Officer(CEO), effective immediately. Shindler replaces Steven P. Dussek, who has stepped down as CEO and a member of the Board to pursue other opportunities.

Deckers Outdoor Corp (NASDAQ:DECK) 38.44 -1.83 (-4.54%) Deckers Outdoor (DECK)‘s stock had its “buy” rating reiterated by investment analysts at Sterne Agee in a note issued to investors on Wednesday. They currently have a $65.00 target price on the stock.

After Hours Most Active

NYSE Ten Most Active Share Volume

Symbol Company Last Sale Share Volume
BAC Bank of America Corporation

$12

1,531,476

AIG American International Group, Inc.

$36.50

810,284

F Ford Motor Company

$13.34

730,681

CX Cemex S.A.B. de C.V.

$10.36

709,978

GE General Electric Company

$21.30

651,962

WFC Wells Fargo & Company

$34.99

619,920

GCH Greater China Fund, Inc.

$13.29

500,000

KO Coca-Cola Company (The)

$37.55

499,254

XOM Exxon Mobil Corporation

$88.31

463,754

ES EnergySolutions Inc

$3.21

448,163

NASDAQ Ten Most Active Share Volume

Symbol Company Last Sale Share Volume
QQQ PowerShares QQQ Trust, Series 1

$67.13

11,971,724

MLNX Mellanox Technologies, Ltd.

$54.20

1,423,850

VCSH Vanguard Short-Term Corporate Bond ETF

$80.17

961,094

VCIT Vanguard Intermediate-Term Corporate Bond ETF

$88.02

912,391

QCOM QUALCOMM Incorporated

$64.60

873,992

MSFT Microsoft Corporation

$27.53

712,631

INTC Intel Corporation

$21.36

531,491

CSCO Cisco Systems, Inc.

$20.28

517,739

ATML Atmel Corporation

$6.96

503,475

ORCL Oracle Corporation

$34.63

498,918

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.

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