Markets Close Mixed Over Disappointing GDP Report
On the upside
Shares of China Lodging Group (Nasdaq: HTHT) surged on its first trading day.
Cowen & Co. analyst Doug Creutz upgraded THQ (Nasdaq: THQI) saying that the stock is attractively priced.
Bloomberg reported that Man Group discussed investment and acquisition opportunities with GLG Partners (NYSE: GLG) and SAC Capital Advisors.
On the downside
Dynegy (NYSE: DYN) beneficial owner LS Power Development LLC sold 2.7 million shares of stock.
Somaxon Pharmaceuticals (Nasdaq: SOMX) will offer 6 million common shares at the discounted price of $8.25 per share.
Fifth Third Bancorp (Nasdaq: FITB) must issue new debit cards to a limited number of customers after a security breach.
In the broad market, advancing issues outpaced decliners by a margin of nearly 10 to 9 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 678.
