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Friday's Early Winners & Losers

General Motors will be in the spotlight again after its largest single shareholder cut his stake in the company.

General Motors

(GM) - Get General Motors Company (GM) Report

will be in focus Friday following news that Kirk Kerkorian's Tracinda Corp., the automaker's largest single shareholder, cut its stake in the company to 7.4% from 9.9%. The news came the same day Kerkorian said he plans to boost his stake in

MGM Mirage

(MGM) - Get MGM Resorts International (MGM) Report

. The move follows disagreements with General Motors' management over the direction of the company. Shares fell nearly 5% Wednesday.

Discovery Laboratories

(DSCO)

fell in after-hours trading Wednesday on news that it closed a private placement to an institutional investor at a discount to Wednesday's $2.38-a-share closing price. The Warrington, Pa.-based biotech company said it sold about 4.6 million newly minted Discovery shares at $2.16 apiece and also issued to the investor a five-year warrant to exercise about 2.3 million of its shares for $3.18 each. Shares were down 2 cents, or 0.8%, to $2.36.

Computer maker

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Dell

(DELL) - Get Dell Technologies Inc Class C Report

was still riding high on the upside surprise

from its preliminary earnings report

filed late Tuesday. The earnings release, more than a week late, was called preliminary and didn't contain much of the detailed information that investors generally expect. Shares were up 7 cents, or 0.3%, to $27.20, in late trading Wednesday.

Oracle

(ORCL) - Get Oracle Corporation Report

rose Wednesday on news that due to a delay in its proposed offer to increase its majority stake in

i-flex solutions

, it would now compensate shareholders of the India-based company at a rate of 25 cents a share in the deal. The offer, which was originally supposed to run in November, will now run from Dec. 4 to Dec. 23, with the total offer size upped by about 2,000 shares. Shares continued to rise in late trading Wednesday, gaining 8 cents, or 0.4%, to $19.74.