Shares of Sarepta Therapeutics Inc. (NASDAQ: SRPT), a biopharmaceutical company focused on rapidly advancing the development of its disease-modifying Duchenne muscular dystrophy drug candidates, surged in trading today.
SRPT shares ended the day 14.29% higher at $14.40 on above average volume of 4.99 million. The stock touched a 52-week high of $15.18 in trading today.
SRPT shares have risen sharply this week after analysts at Thin Equity initiated coverage on the stock with a Buy rating, setting a price target of $15.
Year-to-date, SRPT shares have gained more than 248%, outperforming the S&P 500.
Shares of Ciena Corporation (NASDAQ: CIEN), a provider of communications networking equipment software and services, plunged in trading today.
CIEN shares fell to an intra-day low of $13.41 in trading before finishing the day 19.50% lower at $13.46 on above average volume of 33.20 million.
CIEN shares plunged after the company reported its third-quarter financial results. Year-to-date, the stock has gained 11.24%, compared to a gain of 11.27% for the S&P 500.
Shares of Sears Holdings Corporation (NASDAQ: SHLD), a retailer, fell sharply in trading today after the company was dropped from the S&P 500 Index.
SHLD fell to an intra-day low of $52.57 in trading today before finishing the day 7.92% lower at $52.90 on above average volume of 3.05 million. Year-to-date, SHLD shares have gained 66.46%, outperforming the S&P 500.
Shares of Visteon Corporation (NYSE: VC), a global supplier of climate, electronics, interiors, and lighting systems, modules and components to global automotive original equipment manufacturers (OEMs), saw a huge rally in trading today.
VC shares rose to an intra-day high of $46.46 in trading today before finishing the day 8.74% higher at $46.16 on above average volume of 2.71 million. Year-to-date, the stock has fallen 7.57%, underperforming the S&P 500.
Earlier this week, Visteon Corporation announced that it has been awarded a 2012 Shingo Silver Medallion for operational excellence. The award was given in recognition of the company’s Carolinas electronics plant in Chihuahua, Mexico.
Shares of Target Corporation (NYSE: TGT), a discount retailer, fell marginally in trading today even as the company reported strong sales results for the month of August.
TGT reported a 4.2% increase in same-store sales for the month of August, beating Street estimates of an increase of 3.1% in same-store sales. CEO Gregg Steinhafel said that the company saw stronger sales in the second half of the month as the weather cooled in parts of the U.S. and customers responded to TGT’s broad assortment and compelling value for their back-to-school and back-to-college shopping.
TGT shares fell to an intra-day low of $63.97 in trading today before finishing the day 0.16% lower at $64.16 on volume of 3.46 million. Year-to-date, TGT shares have gained 25.26%, outperforming the S&P 500.
Shares of social networking giant Facebook Inc. (NASDAQ: FB) ended marginally lower after research firm EMarketer lowered the company’s full-year revenue estimate.
EMarketer now expects FB to report revenue of $5 billion in 2012, compared to previous forecast of $6 billion.
FB shares fell to an intra-day low of $19.06 in trading today before finishing the day 0.06% lower at $19.09 on volume of 30.54 million. Shares of the social network are down 49.76% since the company completed its much-hyped IPO in May this year.