One of the biggest losers of the day was
, 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.
fell $2.56, or 5.5%, to $44.27 after the company announced that
Electronic Data Systems
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
. EDS gained 26 cents, or 1.1%, to $24.34.
Wireless broadband service provider
added 85 cents, or 6.7%, to $13.60 though the company posted a wider-than-expected
Still, Clearwire investors remained optimistic because of the company's plans with
for a $14.5 billion WiMax merger deal.
One big mover on Tuesday came from
. A buyout sent shares of the biotech soaring 117% to $6.33.
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.
, 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.
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.
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.
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.