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Major Movers on December 27; TM, DECK, MRVL, VVUS, KT, CHMT, AAPL, AMZN

Shares of Toyota Motor Corporation (ADR) (NYSE: TM), the Japanese automaker, have edged higher in early trading today. At last check, TM shares were trading 1.49% higher at $91.71 on volume of 51,081. The stock hit an intra-day high of $92.17 earlier today.

TM shares are gaining in trading today after the company announced an agreement to resolve economic loss litigation in the U.S. related to previous recalls.

Shares of Deckers Outdoor Corp. (NASDAQ: DECK), a designer, producer, marketer and brand manager of footwear, apparel, and accessories, have risen sharply in early trading today.

At last check, DECK shares were trading 8% higher at $37.67 on volume of 884,204. The stock hit an intra-day high of $37.76 earlier today.

Shares of Marvell Technology Group Ltd. (NASDAQ: MRVL), a semiconductor company, have fallen sharply in early trading today. At last check, MRVL shares were trading 3.14% lower at $7.17 on volume of 10.01 million. The stock fell to a 52-week low of $6.98 earlier today.

MRVL shares have slipped in trading today after a jury ruled against the company in a patent infringement case.

Shares of VIVUS Inc. (NASDAQ: VVUS), a biopharmaceutical company engaged in the development and commercialization of therapeutic drugs for underserved markets, have risen sharply in early trading today.

At last check, VVUS shares were trading 3.72% higher at $13.65 on volume of 1.45 million. The stock hit an intra-day high of $14.01 in trading earlier today.

VVUS last week announced that Express Scripts added the company’s Qsymia™ to its national pharmacy formularies.

Shares of KT Corporation (ADR) (NYSE: KT), a South Korea-based company providing integrated telecommunications services, are down sharply in early trading today.

At last check, KT shares were trading 5.54% lower at $16.54 on volume of 117,726. The stock fell to an intra-day low of $16.54 earlier today.

Shares of Chemtura Corporation (NYSE: CHMT), a developer, manufacturer and marketer of engineered specialty chemicals, are up sharply in early trading today.

At last check, CHMT shares were trading 4.35% higher at $21.33 on volume of 255,310. The stock rose to a 52-week high of $21.69 earlier today.

CHMT shares have risen sharply today after analysts at Longbow Research upgraded the stock from Neutral to Buy rating. Longbow Research has a price target of $26 on CHMT shares.

Shares of Apple Inc. (NASDAQ: AAPL), the Cupertino, California-based technology giant, are marginally lower in early trading today.

At last check, AAPL shares were trading 0.84% lower at $508.68 on volume of 2.62 million. The stock fell to an intra-day low of $508.43 earlier today.

Shares of Amazon.com Inc. (NASDAQ: AMZN), the world’s largest online retailer, are down sharply in trading today. At last check, AMZN shares were trading 1.02% lower at $246.10 on volume of 740,243. The stock fell to an intra-day low of $245.74. AMZN shares have fallen more than 4% in the last three trading sessions.

AMZN shares have slipped in trading today even as a survey rated the company’s website as the best for shopping online.


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