Quiksilver CEO replaced

Quiksilver Inc. (NYSE: ZQK) chief executive Andy Mooney departed the company and will be replaced by Pierre Agnes.
Falling crude oil prices weighed down shares of Energy XXI Ltd. (Nasdaq: EXXI) 56 cents to close at $3.63 and Magnum Hunter Resources Corp. (NYSE: MHR) 27 cents to close at $2.49.

Intel may buy Altera

The Wall Street Journal reported that Intel Corp. (Nasdaq: INTC) engaged in discussions to acquire Altera Corp. (Nasdaq: ALTR). Shares of Intel climbed $1.92 to close at $32.00 while Altera stock leaped $9.81 to close at $44.39.

Ohr Pharmaceutical Inc. (Nasdaq: OHRP) reported disappointing results from a Phase II study of its eye drop solution OHR-102 sending the stock price plunging $5.69 to $3.04.

Olin to merge with part of Dow

Olin Corp. (NYSE: OLN) will acquire Dow Chemical's (NYSE: DOW) chlor-alkali and downstream derivatives businesses in a cash and stock transaction valued at approximately $5 billion. Shares of Olin leaped $6.04 to $33.23.

Falling steel consumption in China weighed down shares of Gerdau (NYSE: GGB) 33 cents to $3.11.

Five Below tops estimates

Five Below Inc. (Nasdaq: FIVE) reported higher fourth quarter revenue and earnings of 61 cents per share compared with 46 cents per share in the year ago period that beat analyst expectations. The stock price leaped $3.33 to close at $35.55.
SolarEdge Technologies Inc. (Nasdaq: SEDG) surged $2.70 to close at $20.70 in its market debut.

Possible changes to the process that royalties are collected from coal mined on federal land weighed down shares of Peabody Energy Corp. (NYSE: BTU) 75 cents to close at $5.60.

SanDisk lowers guidance

SanDisk Corp. (Nasdaq: SNDK) blamed disappointing sales for lowering its first quarter revenue guidance. The stock price plummeted $15.5 to $65.66.


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