Wednesday’s biggest gaining and declining stocks

Shawshank, VA 5/30/12 (StreetBeat) -- Here are some of the biggest gaining and declining stocks on Wednesday morning:

Gainers

Booz Allen & Hamilton (NYSE: BAH +14.65%) rose 14% after posting a sharp increase in fiscal fourth-quarter earnings with the help of higher revenue from government markets and improved margins.

Fresh Market (Nasdaq:TFM +11.87%) jumped almost 13% after the organic grocery chain reported a hefty rise in quarterly profit on robust same-store sales growth and upped its top and bottom line forecast for the rest of the year.

Neonode (NYSE:NEON +25.08%) shares jumped 22%. The company will make a presentation later Wednesday at Cowen & Co.’s technology, media and telecom Conference in New York.

Decliners

KBR (NYSE:KBR -5.56%) fell about 7% following a management reshuffle announcd late Tuesday.

Pep Boys — Manny Moe & Jack (NYSE:PBY -21.82%) shares fell 22% on Wednesday after a deal to sell the company to private-equity firm Gores Group fell through.

Shares of Perfect World (NYSE:PWRD -14.26%) shed 14%. The Chinese online gaming company said late Tuesday first-quarter earnings fell 21% from a year ago and issued a disappointing outlook.

Research In Motion Ltd. (Nasdaq:RIMM -7.38%) shares fell 10%. Late Tuesday, the BlackBerry maker said it would likely post a first-quarter operating loss — a reflection of “lower volumes and highly competitive pricing dynamics in the marketplace,” according to Chief Executive Thorsten Heins.

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Pep Boys (NYSE: PBY) In The Junkyard: Shares Plunge After Buyout Deal Cancelled

Palm Beach, FL 5/30/12 (StreetBeat) -- Pep Boys Manny, Moe & Jack (NYSE: PBY) shares crashed this morning after investors learned that private-equity shop Gores Groups will walk away from the $791 million deal to buy the auto-parts retailer. Gores cited serious problems with Pep Boys’ business.

Shares of Pep Boys tumbled 22.5% to $8.59 in pre-market trading. Pep Boy shares have been under pressure for much of May, as Gores sought to delay the shareholder meeting to vote on the deal. After Gores initially agreed to the deal, Pep Boys stock stayed near the $15 offer price.

Pep Boys has sought a buyer for several years now, as its business deteriorated. Its profits were virtually flat in the first quarter, after a $8 million loss a quarter earlier. Its stock has dropped 43% in the past five years.

Meanwhile, other auto-parts retailers have raced ahead, taking advantage of Americans’ need to keep used cars running longer. AutoZone stock has risen more than 200% since 2007, while profit went from $509 million to $849 million. Advance Auto Parts shares increased 83%, and its net income grew from $238 million to $395 million. O’Reilly Automotive grew 165.1% on profits rising from $194 million to $508 million.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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Pep Boys (NYSE: PBY) Says Buyer Concerned About ‘Serious’ Downsturn

Tallahassee, FL 5/1/12 (StreetBeat) -- Pep Boys (NYSE: PBY) -- Manny, Moe & Jack, the Philadelphia-based automotive retailer that agreed to be acquired by Gores Group, said its would-be buyer is concerned about “serious deterioration” in the business.

On April 26, Gores asked for a delay of a special shareholders’ meeting by 30 days to allow it to determine the causes and extend of the “significant downturn,” Pep Boys said in a filing today. The shares slumped as much as 24 percent.

Pep Boys, founded in 1921, agreed to be bought in January for $15 a share. First-quarter sales were $513.5 million, compared with a prediction of as much as $526 million, the company said today. Pep Boys said its results missed expectations because of what it called factors occurring in “the ordinary course of business.”

If the downturn was due to a “material adverse effect” or a “material breach of covenant” has occurred, Gores may decide not to consummate the deal, according to the filing.

The shares fell 22 percent to $11.64 at 9:25 a.m. before the markets opened.

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

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