Stockpickr Lists: Color Kinetics
Editor's Note: In this feature from Stockpickr, we highlight lists of stocks that have made new highs, lows or seen other unusual activity.
:
Color Kinetics
( CLRK) shares soared 13% after agreeing to be bought out by
Philips Electronics
(PHG) - Get Report
for $688 million. The offer for Boston-based Color Kinetics sparked daily trading over 10 times average volume. The LED maker closed Tuesday up $3.86 to $33.65.
: Shares of Color Kinetics also reached a 52-week high.
:
MDI
( MDII) soared 36% Tuesday, after the security-technology company confirmed a partnership with
Nortel
( NT). The deal allows MDI to have its products sold with Nortel networking packages through Learn Safe, a school-security program. MDI shares gained 44 cents to $1.65.
: After athletic-footwear retailer
Finish Line
(FINL)
acquired
Genesco
(GCO) - Get Report
for $1.5 billion Tuesday, shares tumbled 9%. In other bad news, Finish Line was downgraded by B. Riley & Co. to neutral from buy. Shares closed down $1.06 at $10.47.
: Office furniture and fixtures company
Leggett & Platt
(LEG) - Get Report
fell 6.3% after it reported lower second-quarter earnings and cut revenue guidance. The company expects a slow second half of the year, noting weak markets and a lack of "a major catalyst that will appreciably increase demand." Shares traded down $1.49 to reach a 52-week low of $22.08.
Stocks with Unusual Option Activity
:
Enbridge Energy Partners
(EEP)
was experiencing unusual option activity. Shares added 33 cents to $56.01.
: Chapman Capital demanded that
Vitesse Semiconductor
(VTSS)
immediately schedule a meeting of shareholders to elect new directors. Chapman, which owns a 5.3% stake in the company, also demanded that Jim Cole, head of Vitesse's Corporate Governance Committee, resign from the board immediately. The stock traded down 2 cents, closing at $1.18.
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