Market Update After Hours January 8

Market Summary

Dow Jones 13,328.85 -55.44 (-0.41%)
S&P 500 1,457.15 -4.74 (-0.32%)
Nasdaq 3,091.81 -7 (-0.23%)

Gainers

ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS) 11.92 +1.28 (12.02%).  Isis Pharmaceuticals, Inc. ISIS +12.02% , the leader in antisense therapeutics, today announced that management will present a company overview at the 31st Annual J.P. Morgan Healthcare Conference on Wednesday, January 9, 2013 at 1:30 p.m. PT in San Francisco, CA.

The Medicines Company (NASDAQ:MDCO) 28.83 +3.01 (11.66%). Shares of The Medicines Company soared in trade after the company announced positive results for a late-stage study of one of its drugs. MDCO soared as much as 13% following the announcement of phase 3 trial results for its blood thinner cangrelor.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) 10.11 +0.91 (9.89%) Arena Pharmaceuticals, Inc. has been investing in their obesity drug and research with the introduction of BELVEQ, which was approved by the US Food and Drug Administration (FDA) in June 2012,

Lindsay Corporation (NYSE:LNN) 86.03 +6.01 (7.51%) Lindsay Corporation announced results for its first quarter ended November 30, 2012. First quarter fiscal 2013 revenues of $147.4 million increased 24 percent from $119.2 million in the same prior year period.

Losers

Centrais Eletricas Brasileiras SA (ADR) (NYSE:EBR.B) 4.70 -0.51 (-9.79%)

Fusion-IO, Inc. (NYSE:FIO) 19.16 -2.04 (-9.62%). Stock was downgraded, by analysts at William Blair, to “market perform” from “outperform,” citing slower-than-expected bookings for the data-storage company.

Alcatel Lucent SA (ADR) (NYSE:ALU) 1.58 -0.15 (-8.67%). Recently, Alcatel-Lucent has been removed from Goldman Sachs’s conviction list as a Sell though analyst Simon Schafer still rates it as a Sell.

Cypress Semiconductor Corporation (NASDAQ:CY) 10.12 -0.93 (-8.42%). Cypress expects fourth quarter sales to be in the range of $177 million to $179 million, with non-GAAP earnings per share of $0.03 to $0.04. These results are less than the company’s own forecasts due to lower sales and gross margins that were attributable to product mix, reduced manufacturing absorption, and inventory related charges.

SolarCity Corp (NASDAQ:SCTY) 14.73 -1.24 (-7.75%). Credit Suisse initiates coverage on SolarCity Corp. with Outperform Rating and a target of $22

After Hours Most Active

NYSE Ten Most Active Share Volume

Symbol Company Last Sale Share Volume
AA Alcoa Inc.

$9.17

4,393,394

ETP ENERGY TRANSFER PARTNERS

$45.06

3,001,973

BAC Bank of America Corporation

$11.96

2,321,682

EMC EMC Corporation

$23.85

1,714,645

NOK Nokia Corporation

$4.06

1,367,114

BX The Blackstone Group L.P.

$16.68

1,003,651

JPM J P Morgan Chase & Co

$45.48

627,437

S Sprint Nextel Corporation

$5.83

561,870

GE General Electric Company

$20.91

533,945

OZM Och-Ziff Capital Management Group LLC

$9.46

517,017

NASDAQ Ten Most Active Share Volume

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

$66.63

4,523,917

CLWR Clearwire Corporation

$3.19

3,072,705

APOL Apollo Group, Inc.

$19.80

1,262,916

STX Seagate Technology.

$32.45

872,419

SIRI Sirius XM Radio Inc.

$3.15

820,079

MSFT Microsoft Corporation

$26.61

614,614

INTC Intel Corporation

$21.17

581,653

QGEN Qiagen N.V.

$18.74

497,051

ORCL Oracle Corporation

$34.49

377,430

AMAT Applied Materials, Inc.

$11.53

287,007

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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