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 |
