Stocks Crossing 50-Day SMA 11/16: (BKD) (WEN) (MPEL) Above; (ARUN) (SWSH) (SWFT) Below
- Wall St. falls as tepid data adds to growth worries
- ADP Employment Change (Apr) 156K vs 195K Expected
- Unusual 11 Mid-Day Movers 5/4: (EBIO) (GKOS) (QUAD) Higher; (FSTR) (DXYN) (CRAY) Lower
- Social Capital's Chamath Palihapitiya Thinks Amazon (AMZN) Could be Worth $3 Trillion in 10 Years
- Two Top Tesla (TSLA) Production Execs to Resign
Crossing and above:
- Brookdale Senior Living (NYSE: BKD) - up 10.6 percent. Higher on positive chatter about a potential REIT conversion. Click here for more color.
- The Wendy's Company (NYSE: WEN) - up 1.9 percent. Moving higher today as peer Yum! Brands (NYSE: YUM) announced a mew $1 billion buyback program and boosted dividend. Currently, Wendy's pays out 4 cents per share quarterly, for an annual yield of about 3.7 percent.
- Melco Crown (Nasdaq: MPEL) - up 2.0 percent. Seeing a modest bounce from Penn National Gaming (Nasdaq: PENN) news today, where the company is going to split-up its operations into gaming and real property assets.
- Aruba Networks, Inc. (Nasdaq: ARUN) - down 2.5 percent. Aruba trading lower following first-quarter results issued after markets closed Thursday. Though EPS and revs both beat, investors are selling the news today.
- Swisher Hygiene (Nasdaq: SWSH) - up 27.0 percent. Announced that sale of its Choice Environmental Services subsidiary to Waste Services of Florida, Inc., a subsidiary of Progressive Waste Solutions Ltd. (NYSE: BIN), for approximately $123.3 million in cash. Given Swisher's market cap was about $160 million ahead of today's announcement, that's a pretty good chuck of money coming in for Swisher.
Despite the pop today, Swisher has been below the 50-day SMA since the start of August, just getting above the indicator today before settling back down.
- Swift Transportation (Nasdaq: SWFT) - down 5.0 percent. Shares are lower after presenting at a Stephens conference on Wednesday. The company said, in part, the seasonal uptick "hasn't hit yet" and that Hurricane Sandy caused "disruption." Shares are down about 13 percent for the week.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Investors pull most money from U.S. stock mutual funds this year: ICI
- Valeant Pharma (VRX) Adds to Yesterday's Gains
- Children's Place (PLCE) Rated New Sell at Off Wall Street