Markets Mixed As Economic Data Tempers Greek Concerns
The markets traded mixed during the midday with the Dow climbing 55 points to 11,953 as upbeat economic data tempered concerns of a Greek default. Nasdaq lost 5 points to 2626.
On the upside
Odyssey Marine Exploration (Nasdaq: OMEX) priced its public offering of 4.8 million common shares at $3.05 per share.
Smithfield Foods (NYSE: SFD) swung to a better than expected profit for the fourth quarter as revenue climbed.
Allos Therapeutics (Nasdaq: ALTH) reported the activation of 59 sites and the enrollment of 98 patients in COMPLETE, an international registry collecting treatment data on patients with peripheral T-cell lymphoma.
On the downside
Citron Research alleged that Harbin Electric (Nasdaq: HRBN) submitted fraudulent SEC filings and committed loan fraud.
Pier 1 Imports (NYSE: PIR) reported sharply higher first quarter earnings that topped analyst estimates as revenue rose but the stock price fell.
Continued concerns of a Greek default weighed down shares of National Bank of Greece (NYSE: NBG).
