Monday, March 25, 2013 6:59 pm
RIM, Red Hat, Finish Line are big movers
The Associated Press
J.C. Penney Co. Inc., down 25 cents at $15.18
A BMO Capital Markets analyst downgraded the department store chain's stock rating on concerns about its the near-term future.
Red Hat Inc., down $1.81 at $48.99
A Raymond James analyst downgraded the software maker's stock rating, citing worries about its growth prospects for this year.
Research In Motion Ltd., down 68 cents at $14.23
A Citi Investment Research analyst said that the smartphone maker's new Blackberry Z10 is not doing as well in the U.S. as expected.
Finish Line Inc., down 55 cents at $18.19
A Stern Agee analyst lowered his rating for the athletic shoes and clothing retailer citing tough competition and expenses.
Apollo Group Inc., up $1.21 at $18.25
The for-profit education company's second-quarter net income fell 79 percent, but the results still beat Wall Street expectations.
JA Solar Holdings Co. Ltd., down 45 cents at $3.71
The Chinese solar company said that its fourth-quarter loss widened, hurt by continued weak global demand for solar products.
ZaZa Energy Corp., up 15 cents at $1.80
The oil exploration and development company announced a deal to form a joint venture and another to sell land in Texas.
Tessera Technologies Inc., up 40 cents at $18.58
The company, which licenses miniaturization technology for electronic devices, said that it has begun a search for a new CEO.