Tuesday, May 15, 2012

Tuesday’s biggest gaining and declining stocks

Tuesday’s biggest gaining and declining stocksShawshank, VA 5/15/12 (StreetBeat) -- Here are some of the biggest gaining and declining stocks in U.S. market trading on Tuesday:


Amylin Pharmaceuticals Inc. (Nasdaq: AMLN +4.85%) shares tacked on 5%. The company said in a filing late Monday that one of its directors had bought 18,000 shares of the firm’s stock.

Dick’s Sporting Goods (NYSE: DKS +6.33%) rose 8% after reporting a 53% jump in profit that breezed past Wall Street expectations.

Groupon Inc. (Nasdaq: GRPN +15.89%) shares jumped 19% after the company reported better-than-expected revenue for its first quarter on Monday, along with a strong forecast.


Shares of Avon Products Inc. (NYSE: AVP -10.54%) fell 12% after Coty Inc. pulled its more than $10 billion bid for the beauty-products firm. In a letter to Avon’s board, Coty said that it had wanted to do a friendly deal, but “your total lack of engagement with us leads us to believe that you remain reluctant to explore a friendly, negotiated, combination on a reasonable timetable.”

Home Depot (NYSE: HD -2.07%) was off about 5% after its quarterly sales missed expectations and its outlook also came in slightly short.

Summer Infant Inc. (Nasdaq: SUMR -25.36%) shares retreated by 26%. The company reported flat quarterly profit and declining margins on Monday afternoon.

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