Morning Movers 1/02: Starwood Hotels (HOT) Up On Confidentiality Agreement W/Sam Zell; Canadian Solar (CSIQ) Lower On Downgrade
StreetInsider.com Morning Movers:
Toreador Resources (Nasdaq: TRGL) 9% LOWER; Said Buyer of South Akcakoca Project Notified Them Of Material Adverse Changes
General Motors (NYSE: GM) 9% HIGHER; Receives first $4B in loans from government
Starwood Hotels (NYSE: HOT) 8% HIGHER; Sam Zell's Equity Group Investments (EGI), an 8.1% shareholder, disclosed that on December 29, 2008 they entered into a confidentiality agreement to facilitate the sharing of information between the company and EGI.
National Instruments Corp. (Nasdaq: NATI) 8% LOWER; Reports preliminary Q4 sales of $202 million, versus the consensus of $212.17 million. Sees Q4 non-GAAP EPS of $0.29-$0.30, versus the Street estimate of $0.34.
Canadian Solar Inc. (Nasdaq: CSIQ) 6% LOWER; Downgraded at Piper
ReneSola Ltd. (NYSE: SOL) 3% LOWER; Downgraded at Piper
Wells Fargo & Company (NYSE: WFC) 2% LOWER; completed its purchase of Wachovia
Bank of America (NYSE: BAC) 1.5% LOWER; completed its purchase of Merrill Lynch & Co.
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