Markets Tread Water At Midday

September 21, 2009 10:29 AM |
The markets continued to trade lower during the midday with the Dow falling 45 points to 9774. Nasdaq added a point to 2133.

On the upside 

Aeterna Zentaris (Nasdaq: AEZS) reported upbeat results from a Phase 1 clinical study of its cancer treatment AEZS-112.

Investors are optimistic that the government will restructure American International Group's (Nasdaq: AIG) bailout package.

Raymond James analyst Budd Bugatch affirmed his Strong Buy rating for Pier 1 Imports (NYSE: PIR).

On the downside

Nasdaq sent Repros Therapeutics (Nasdaq: RPRX) a second notice of delisting.

Caris & Co. analyst Linda Bolton Weiser downgraded Sally Beauty Holdings (NYSE: SBH).

Kaufman Bros. downgraded American Superconductor (NYSE: AMSC).

In the broad market, declining issues outpaced advancers by a margin of nearly 8 to 3 on the NYSE and by a margin of more than 4 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 613.

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This page contains a single entry by published on September 21, 2009 10:29 AM.

Markets Open Lower as Investors Take Profits was the previous entry in this blog.

Technology Stocks Gain While Blue Chips Slip is the next entry in this blog.

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