Morning Movers 1/02: Starwood Hotels (HOT) Up On Confidentiality Agreement W/Sam Zell; Canadian Solar (CSIQ) Lower On Downgrade

January 2, 2009 9:33 AM EST

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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BAC 15.95

-0.15 -0.93%
Volume: 97,450,106
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CSIQ 21.08

+0.01 +0.05%
Volume: 1,187,758
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GM 1.43

+0.00 +0.00%
Volume: 341,588,570
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HOT 32.36

+0.72 +2.28%
Volume: 1,602,742
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NATI 28.70

+0.08 +0.28%
Volume: 221,556
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SOL 3.97

-0.04 -1.00%
Volume: 791,064
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TRGL 8.01

+0.07 +0.88%
Volume: 192,900
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WFC 27.83

-0.03 -0.11%
Volume: 22,885,000
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