Wednesday, May 23, 2012

Wednesday’s biggest gaining and declining stocks

Wednesday’s biggest gaining and declining stocksAtlanta, GA 5/23/12 (StreetBeat) -- Below are some of Wednesday’s biggest gaining and declining stocks:


RailAmerica Inc. (NYSE: RA +8.00%) shares added 6%. Late Tuesday, the freight-railroads operator said that it was pursuing strategic alternatives including a possible sale of the company. It has hired Deutsche Bank as its financial adviser.

Shares of gamemaker Take-Two Interactive Software Inc. (Nasdaq: TTWO +6.36%) rose 8.2%. Late Tuesday, the company reported fourth-quarter earnings and disclosed an outlook for a loss, but investors focused on better-than-expected revenue generated in the company’s March quarter.

PetSmart Inc. (Nasdaq: PETM +10.32%) gained 10% following financial results that one analyst described as a “howler” of a first quarter. The firm beat analyst expectations as all aspects of its business grew.

Guess Inc. (NYSE: GES +4.30%) shares rose 6.3% on Wednesday. The clothing retailer said on Tuesday after the market closed that its first-quarter profit fell 38% from a year ago, but it topped analyst expectations.


Dell Inc. (Nasdaq: DELL -17.11%) shares fell nearly 16%. On Tuesday, the computer maker posted first-quarter results that came in below expectations, with the company’s chief financial officer pointing to challenges in its business.

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