Tuesday's Winners & Losers: IndyMac

Shares of the beleagured lender decline 23.2%.
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One of the biggest losers of the day was

IndyMac

(IMB)

, shares of which crumbled after an analyst suggested that the mortgage lender would need to raise a significant amount of capital. The analyst also cut his target price from $3 to $1 a share. Shares of the beleagured lender declined 71 cents, or 23.2%, to $2.35.

Shares of

Hewlett-Packard

(HPQ) - Get Report

fell $2.56, or 5.5%, to $44.27 after the company announced that

it will merge

with

Electronic Data Systems

(EDS)

in a $13.9 billion deal. EDS was valued at $25 a share by H-P.

The merger would make the combined entity the No. 2 player in the consulting and technology services market after

IBM

(IBM) - Get Report

. EDS gained 26 cents, or 1.1%, to $24.34.

Wireless broadband service provider

Clearwire

(CLWR)

added 85 cents, or 6.7%, to $13.60 though the company posted a wider-than-expected

first-quarter loss

.

Still, Clearwire investors remained optimistic because of the company's plans with

Sprint Nextel

(S) - Get Report

for a $14.5 billion WiMax merger deal.

One big mover on Tuesday came from

Iomai

(IOMI)

. A buyout sent shares of the biotech soaring 117% to $6.33.

Intercell AG

announced late Monday a deal to acquire the company in a stock and cash transaction valuing the biopharmaceutical company at roughly $189 million. Intercell will pay $6.60 a share for Iomi -- a 126% premium to the stock's closing price Monday.

U.S. Shipping

(USS)

, a provider of marine transportation services for oil and chemical companies based in Edison, N.J., fell 26% to $8.67. The company announced a first-quarter loss of $5.8 million, or 31 cents a share, vs. a profit of $5.7 million, or 31 cents a share, a year ago.

State Street

(STT) - Get Report

was also losing ground after saying its unrealized losses on its investment portfolio were holding steady at $1.9 billion. The stock tumbled 4.2% to $71.58.

Fuel Systems

(FSYS)

hit a new 52-week high. The Santa Ana, Calif.-based maker of alternative fuel components announced first-quarter earnings of $6.2 million, or 40 cents a share, up from $1 million, or 7 cents a share, in the year-ago quarter. Analysts had forecast EPS of 18 cents. The stock jumped 25.5% to $24.06.

Tercica

(TRCA)

shares slid 97 cents, or 19.4%, to $4.02, after it released its earnings. The biopharmaceutical company said its first-quarter loss widened to $17.5 million, or 34 cents a share, from $12.4 million, or 25 cents a share in the year-prior period. Revenue increased to $4.6 million from $1.3 million, falling short of the Thomson Reuters estimate of 30 cents a share on revenue of $5.9 million.

This article was written by a staff member of TheStreet.com.