Updated from 12:28 p.m. EDT

Shares of

General Maritime

(GMR)

were among the

NYSE's

winners Wednesday, rising 11.9% after the company said

Frontline

(FRO) - Get Report

had acquired an unspecified amount of shares and expressed an interest in merging.

General Maritime, a provider of seaborne crude oil transportation services, said that no formal offer or proposal has been made by Frontline. General Maritime also said that it "is not actively looking to sell the company or enter into a business combination, but has always been and remains committed to exploring all opportunities that create value for our shareholders." Shares traded up $5.24 to $49.21.

Pilgrim's Pride

(PPC) - Get Report

fell 5.5% after the company said a 10-million-share secondary offering of its stock was priced at $29.50 each. The seller is

ConAgra Foods

(CAG) - Get Report

. The stock deal is expected to close on Dec. 13. Shares of Pilgrim's traded down $1.66 to $28.65.

Shares of

Toro

(TTC) - Get Report

rose 6.6% after the company posted fourth-quarter earnings and sales that topped expectations. The maker of outdoor maintenance products earned $6.9 million, or 28 cents a share, on sales of $336.9 million. Analysts polled by Thomson First Call were expecting earnings of 21 cents a share on sales of $324.4 million. During last year's fourth quarter the company earned $5.6 million, or 21 cents a share, on sales of $310.3 million. Looking ahead, Toro forecast first-quarter earnings of 38 cents to 43 cents a share, in line with expectations. Shares traded up $4.78 to $77.48.

Korn/Ferry International

(KFY) - Get Report

rose 4.7% after the company posted second-quarter earnings and sales that beat expectations. The recruitment services company earned $8.7 million, or 21 cents a share, on fee revenue of $108.5 million. Analysts were expecting earnings of 18 cents a share on sales revenue of $104.4 million. During last year's second quarter the company earned $2.2 million, or 6 cents a share, on fee revenue of $76.7 million. Looking ahead, Korn/Ferry forecast third-quarter earnings of 16 cents to 21 cents a share on fee revenue of $100 million to $108 million. Analysts are looking for earnings of 18 cents a share on revenue of $106.7 million. Shares traded up 90 cents to $20.15.

Shares of

Movado

(MOV) - Get Report

rose modestly after the company posted in-line third-quarter earnings and raised its full-year outlook. The watchmaker earned $11.3 million, or 44 cents a share, on sales of $127 million. Analysts were expecting earnings of 44 cents a share on sales of $128.5 million. Looking ahead, Movado now expects full-year earnings of 98 cents to $1.02 a share, up from its previous estimate of 96 cents to $1 a share. Analysts are expecting earnings of 99 cents a share. Shares traded up 5 cents to $17.25.

NYSE volume leaders included

Lucent

( LU), down 6 cents to $3.73;

Nortel Networks

( NT), up 3 cents to $3.76;

Pfizer

(PFE) - Get Report

, up 30 cents to $27.50;

Merck

(MRK) - Get Report

, up 80 cents to $28.69; and

Dynegy

(DYN)

, down 53 cents to $4.70.

Nasdaq

volume leaders included

Sirius Satellite Radio

(SIRI) - Get Report

, down $2.11 to $6.90;

Microsoft

(MSFT) - Get Report

, up 29 cents to $27.36;

Intel

(INTC) - Get Report

, down 47 cents to $23.01;

Cisco

(CSCO) - Get Report

, up 7 cents to $19.80; and

Oracle

(ORCL) - Get Report

, up 15 cents to $13.21.