Palm Beach, FL 6/15/12 (StreetBeat) – The following stocks were making notable moves Friday in U.S. stock trading:
Royal Bank of Scotland Group PLC’s (NYSE:RBS) U.S. shares added 8%. U.K. banks were boosted by a speech late Thursday by Chancellor George Osborne that the Bank of England will activate an emergency lending program under which auctions of short-term sterling liquidity can be held at any time. Osborne further said the Treasury will provide cheap funds to domestic banks if they boost lending to British households and companies.
YPF SA’s (NYSE:YPF) U.S. shares jumped 12% after Carlos Slim, the Mexican billionaire, revealed he had taken a more than 8% stake in the Argentine energy company.
Dyax shares (Nasdaq:DYAX) fell 9%. The company said it will discontinue Phase 2 clinical trial of its drug ecallantide for a type of angioedema.
MicroVision Inc. (Nasdaq:MVIS) shares fell 24%. The firm said it would make a secondary public offering of common shares and warrants to purchase common stock..
II-VI, Inc. (Nasdaq:IIVI) was down 9% after the company cut its profit outlook for the current quarter and full fiscal year.
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