THE GOOD
Chesapeake Energy (CHK) up 6.3% today after the natural-gas producer said it plans to reduce dry-gas drilling activity by 50% and curtail its gas production by about 8% after a drop in natural-gas prices.
PetMed Express (PETS) gained 11% on a surprise third-quarter profit increase with revenue UP 12% on a 29% surge in orders.
THE BAD
Research in Motion (RIMM) fell 8.5% after the BlackBerry maker’s co-CEO said they would step down. Thorsten Heins, one of two prior CEOs, is expected to be named CEO.
Fifth Street Finance (FSC) lost 5.1% after the company launched a public sale of 10 million shares of common stock.
Halliburton (HAL) fell 2.1% after the oil-services company reported 4th-quarter earnings that matched estimates.
THE UGLY
Netflix (NFLX) dropped 6.3% to lead declines in the S&P 500 after the company had some management changes.
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This entry was posted on January 23, 2012 at 10:15 pm and is filed under Market Commentary. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.
WALL STREET 411’s “The Good, The Bad & The Ugly” MON 1-23-12
THE GOOD
Chesapeake Energy (CHK) up 6.3% today after the natural-gas producer said it plans to reduce dry-gas drilling activity by 50% and curtail its gas production by about 8% after a drop in natural-gas prices.
PetMed Express (PETS) gained 11% on a surprise third-quarter profit increase with revenue UP 12% on a 29% surge in orders.
THE BAD
Research in Motion (RIMM) fell 8.5% after the BlackBerry maker’s co-CEO said they would step down. Thorsten Heins, one of two prior CEOs, is expected to be named CEO.
Fifth Street Finance (FSC) lost 5.1% after the company launched a public sale of 10 million shares of common stock.
Halliburton (HAL) fell 2.1% after the oil-services company reported 4th-quarter earnings that matched estimates.
THE UGLY
Netflix (NFLX) dropped 6.3% to lead declines in the S&P 500 after the company had some management changes.
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This entry was posted on January 23, 2012 at 10:15 pm and is filed under Market Commentary. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.