Wednesday’s biggest gaining and declining stocks

Shawshank, VA 5/2/12 (StreetBeat) – Shares of Charming Shoppes (Nasdaq: CHRS +23.39%) rose 24%. The company agreed to be bought by Ascena Retail Group Inc. (Nasdaq: ASNA +10.19%) for $7.93 a share, or about $890 million. Ascena’s shares also rose, up 13%.

Protalix BioTherapeutics (Nasdaq: PLX +15.19%) rallied 14%. The company said the Food and Drug Administration approved one of its treatments for adults with a confirmed diagnosis of type 1 Gaucher disease.

TripAdvisor Inc. (Nasdaq: TRIP +16.75%) jumped 16%. The company reported sharp growth in revenue for the first quarter, both on a year-over-year and a sequential basis.

Decliners

Chesapeake Energy Corp. (NYSE: CHK -12.99%) shares fell 13%. The company said in a regulatory filing that it had ended certain arrangements with CEO Aubrey McClendon. Also on Wednesday, analysts at Robert W. Baird cut their rating on Chesapeake to neutral from outperform.

American Depositary Shares of Banco Santander SA (NYSE: STD -6.50%) shed 6.4%, retreating with the broader Spanish market following recent data showing the country has dipped back into recession amid the European debt crisis.

Shares of OpenTable Inc. (Nasdaq: OPEN -15.98%) retreated 17%. Late Tuesday, the company reported first-quarter results and issued a financial outlook for the second quarter and the full year.

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Mid-day Market Update

Northern, WI 9/13/2011 (PennyPayDay) – Cautious trading has marked the early stages of Tuesday's session. The major averages are mixed in initial trading, with the Dow edging lower and the Nasdaq showing a modest gain.

Traders shrugged off speculation about a Greek default and its impact on the European financial system late in Monday's session. Shares had been lower for most of the day, but a rally in the final stages of trading left the major averages higher by the close.

There were signs of caution overnight, amid worries that Italy might have trouble raising funds, but the sentiment improved as the U.S. market neared its open. European markets have moved higher in mid-day trading, but the U.S. indices are mixed in early action on Wall Street.

The Dow Jones Industrial Average is down 21.46 points to 11,039.66. The Nasdaq is up 11.83 points to 2,506.24. The S&P 500 is up 1.48 points to 1,163.75.

Some economic news was released during the morning, though the week's biggest reports, including retail sales and the consumer price index, are due out later in the week.

The U.S. Labor Department revealed that import prices declined 0.4 percent in August. Import prices were up by 0.3 percent in July. August's decline was led by a 1.8 percent slide in fuel prices. Excluding fuel, import prices were up by 0.2 percent.

Meanwhile, export prices rose 0.5 percent in August, bouncing back after a decline of 0.4 percent in July.

In corporate news, Best Buy announced earnings before the market opened. The electronics retailer reported a quarterly profit that fell from last year and missed the expectation of market analysts.

On the news, shares of Best Buy are down about 6 percent.

Europe saw early losses amid lingering worries about a Greek default and the possible consequences on the continent's financial system. The equity markets have made gains during mid-day trading, however, and are now firmly above the unchanged mark.

Germany is up 1.25 percent. France is higher by 1 percent. And the U.K. is trailing a bit with a 0.4 percent advance.

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LargeCap Stocks to Keep an Eye on Today

Tomahawk, WI 8/3/2011 (PennyPayDay) -- San Francisco-based online restaurant reservation company OpenTable came in short on the top line with its latest results, reporting second-quarter revenue of $34.3 million vs. the average analysts' view of $35.3 million.

Shares were tumbling 8.6% to $63.01 in premarket trading Wednesday.

Rental car company Hertz reported second-quarter profit of 26 cents a share vs. the Wall Street consensus target of 21 cents a share and raised its 2011 outlook. Shares were adding 6.5% to $13.84.

Shares of Time Warner were falling 5.4% to $32.16 in premarket trading Wednesday after the media and entertainment company said it now forecasts that full-year adjusted earnings per share will rise "at least" in the low teens compared with the company's previous expectations that earnings would rise in the low teens.

Time Warner reported second-quarter adjusted profit of 60 cents a share vs. the average analyst estimate of 56 cents a share.

Shares of MasterCard were rising 3.2% to $308.03 after the global payments company reported second-quarter earnings of $4.76 vs. the average analyst estimate of $4.23 a share.

Shares of CBS were rising 1.2% to $26.59 after the media company reported second-quarter profit of 58 cents a share vs. the average analyst estimate of 45 cents a share.

Shares of Research In Motion were rising 1.1% to $24.41 in premarket trading Wednesday as it launches three new phones globally to compete against Google's Android and Apple's iPhone.

Video, high-speed Internet and phone services provider Comcast reported second-quarter adjusted profit of 42 cents a share vs. the consensus target of 41 cents a share. Shares were rising 0.8% to $22.90.

Financial services firm Citigroup was rising 0.2% to $37.13 as it received first-round bids of between $3 billion to $4 billion for entertainment company EMI from more than 10 groups, according to The Financial Times.

The final price could allow Citigroup to recover up to three quarters of the $5.5 billion it lent to Guy Hands in his ill-fated buyout of EMI in 2007, FT said.

Clorox, the maker of bleach, is expected to report fourth-quarter profit of $1.19 a share on Wednesday vs. last year's earnings of $1.20 a share.

Smith Micro Software, the Aliso Viejo, Calif.-based developer of mobile connectivity and communications applications, reported a non-GAAP loss of $5.2 million, or 15 cents a share, for the three months ended June 30 with revenue coming in at $16.1 million, well below a year-ago total of $31.4 million.

The average estimate of analysts polled by Thomson Reuters was for a loss of 11 cents a share in the June period on revenue of $17.8 million.

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