Monday's Winners & Losers: New Century Financial

The subprime lender drops 57% on news of an SEC probe.
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Shares of

New Century Financial

(NEW) - Get Report

were among the

NYSE's

losers Monday, plunging 57% after the subprime lender said the

Securities and Exchange Commission

is conducting a criminal probe of the company.

The investigation relates to trading in the company's stock. New Century, which was notified of the probe on Feb. 28, also said that the SEC is looking into accounting errors related to the company's allowance for repurchase losses. The NYSE, meanwhile, is reviewing transactions in the company's securities prior to Feb. 7, which is when New Century announced a restatement and said it would post a loss during the fourth quarter. New Century said it is cooperating with both investigations. Shares were recently trading down $8.35 to $6.30.

Barnes & Noble

(BKS) - Get Report

tumbled 10% after the bookseller said that fourth-quarter earnings will be at the low to middle end of its previous guidance of $1.86 to $1.96 a share. For the full year, the company sees earnings at the low to middle range of its previous guidance of $2.20 to $2.30 a share. Analysts project fourth-quarter earnings of $1.88 a share and full-year earnings of $2.23 a share. For the fourth quarter, the company posted total sales of $1.9 billion. The company posted total sales of $5.3 billion for the year.

Looking ahead, Barnes & Noble sees 2007 earnings of $1.65 to $1.80 a share on store sales of $4.6 billion to $4.7 billion. Analysts project earnings of $2.41 a share. Shares were trading down $3.94 to $36.18.

Shares of

Celanese

(CE) - Get Report

rose 4% after the chemical company unveiled a refinancing plan and said that it would also repurchase $400 million in stock. The debt refinancing will allow the company to cut its debt by more than $200 million, the company said. The stock buyback, meanwhile, will be done through a modified Dutch auction and from investment funds associated with the Blackstone Group.

"This comprehensive plan to reduce and restructure debt and repurchase shares is consistent with Celanese's long-term financial objectives to convert the value of our strong cash generation by reducing our total leverage and enhancing the value of Celanese," the company said. Shares were trading up $1.07 to $29.40.

Pathmark

(PTMK)

climbed 10% after the supermarket operator agreed to be acquired by

Great Atlantic & Pacific

(GAP)

for $1.3 billion in cash, stock and debt. The deal, which consists of $9 a share in cash and 0.12963 shares of stock, works out to roughly $13 a share, representing a 16% premium to Pathmark's closing price of $11.25 on Friday. The deal is expected to close during the second half of A&P's fiscal 2007 year. Shares of Pathmark were trading up $1.15 to $12.40.

Shares of

Home Solutions of America

(HSOA)

slumped 20% after the recovery and rebuilding services company cut its full-year earnings guidance and said that its chief operating officer would resign. The company now sees earnings of 43 cents to 46 cents a share, well below its previous guidance of 56 cents to 60 cents a share. For the fourth quarter, the company sees earnings of 5 cents to 7 cents a share. "The shortfall was a result of weakness in the rebuilding/remodeling sector as a slowdown in the housing industry impacted work with certain of the company's customers," Home Solutions said.

Rick O'Brien, meanwhile, will step down as COO on April 15. The company said that O'Brien is leaving to pursue other opportunities. O'Brien's position will be assumed by two new division managers. Shares were trading down $1.19 to $4.68.

NYSE volume leaders included

Ford

(F) - Get Report

, down 1 cent to $7.58;

Advanced Micro Devices

(AMD) - Get Report

, down 27 cents to $13.91;

Pfizer

(PFE) - Get Report

, up 8 cents to $24.87;

General Electric

(GE) - Get Report

, down 1 cent to $34.86;

Taiwan Semiconductor

(TSM) - Get Report

, down 26 cents to $10.38;

Exxon Mobil

(XOM) - Get Report

, up 19 cents to $70.20;

JP Morgan Chase

(JPM) - Get Report

, down 56 cents to $47.63; and

Johnson & Johnson

(JNJ) - Get Report

, up 9 cents to $62.04.

Nasdaq

volume leaders included

Intel

(INTC) - Get Report

, up 10 cents to $19.32;

Sun Microsystems

(SUNW) - Get Report

, up 4 cents to $6.10;

Microsoft

(MSFT) - Get Report

, down 2 cents to $27.74;

Cisco Systems

(CSCO) - Get Report

, up 20 cents to $25.50;

Sirius Satellite Radio

(SIRI) - Get Report

, down 9 cents to $3.46;

Applied Materials

(AMAT) - Get Report

, up 2 cents to $18;

Level 3 Communications

(LVLT)

, down 12 cents to $6.17; and

Apple

(AAPL) - Get Report

, up $1.32 to $86.73.