Palm Beach, FL 6/12/12 (StreetBeat) – The following stocks are some of the most active in U.S. trading on Tuesday:
Central European Media (Nasdaq:CETV) shares rose 7.1%. The company reported a successful tender offer on Wednesday morning.
Michael Kors Holdings Inc. (NYSE:KORS) shares rose 5.3% on Tuesday. The fashion firm said Tuesday its fourth-quarter profit increased to $43.6 million, or 22 cents a share, from $13.6 million, or 10 cents a share, in the year-ago period.
FactSet Research (NYSE:FDS) fell more than 9% after the provider of financial data reported third-quarter revenue that fell short of most analysts’ estimates.
TeleNav Inc. (Nasdaq:TNAV) shares fell as much ast 6%, to $5.40 on Tuesday after Robert W. Baird analyst William Power cut his rating on the navigation-software maker to underperform from neutral, and sliced his target price on the stock to $4 a share from $8.
Verifone (NYSE:PAY) shares gave up nearly 7% after the company said a jury had ruled against the company in a patent infringement case.
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