Markets Flat As AIG Sells Business Unit To MetLife
On the upside
Shares of Zanett (Nasdaq: ZANE) continued soaring after announcing last week that the company received $12 million in new contracts in January and February.
Helix Energy Solutions (NYSE: HLX) will sell its oil and gas business in order to concentrate on its deepwater wells contracting services business.
Shares of Callon Petroleum (NYSE: CPE) rose ahead of its earnings release after market close.
On the downside
Lexicon Pharmaceuticals (Nasdaq: LXRX) will raise capital through the sale of $95 million worth of stock through a public offering.
Poniard (Nasdaq: PARD) disappointed with a fourth quarter loss.
International Coal Group (NYSE: ICO) offered up to 21.1 million common shares along with up to $275 million worth of senior convertible notes.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while decliners edged out advancers by nearly 10 to 9 on Nasdaq. The Russell 2000 which tracks small cap stocks added a fraction to 666.
