Shares of Coinstar Inc. (NASDAQ: CSTR), a provider of automated retail solutions, are down sharply in early trading today. At last check, CSTR shares were trading 6.13% lower at $48.86 on volume of 22,327. The stock fell to an intra-day low of $48.80 today.
CSTR shares have slipped in trading today after the company announced that J. Scott Di Valerio, the company’s CFO, has been appointed as the CEO, effective April 1, 2013. Di Valerio will succeed Paul Davis, who is retiring on March 31, 2013.
Deborah Beiver, Chairman of Coinstar Board of Directors, said that Di Valerio’s appointment as CEO is a direct result of the Board’s long-time focus on developing a deep management team and ensures that CSTR will continue to benefit from strong leadership following Davis’s retirement.
Shares of Mosaic Co. (NYSE: MOS), a producer and marketer of combined concentrated phosphate and potash crop nutrients for the global agriculture industry, are up sharply in trading today. At last check, MOS shares were trading 0.93% higher at $57.30 on volume of 20,118. The stock hit an intra-day high of $58.33 in early trading today.
MOS shares are gaining after the company reported its second-quarter financial results. MOS reported net earnings of $629 million for the second quarter of fiscal 2013, compared to $624 million reported for the same period in the previous year.
Shares of Lululemon Athletica Inc. (NASDAQ: LULU), a manufacturer, distributor and seller of technical athletics and yoga apparel, are down sharply in early trading today. At last check, LULU was trading 5.05% lower at $71.30 on volume of 435,020. The stock fell to an intra-day low of $70.66.
LULU shares have slipped in trading today after analysts at Credit Suisse downgraded the stock from Outperform to Neutral. Credit Suisse analysts also lowered their price target on the stock from $86 to $80.
Shares of Rovi Corporation (NASDAQ: ROVI), a company focused on powering the discovery and enjoyment of digital entertainment by providing a set of integrated solutions that are embedded in its customers’ products and services and used by end consumers to simplify and guide their interaction with digital entertainment, are up sharply in trading today.
At last check, ROVI shares were trading 3.91% higher at $16.47 on volume of 100,529. The stock hit an intra-day high of $17.13. ROVI shares have gained nearly 7% in the last three trading sessions.
ROVI shares are gaining in trading today after the company announced that it intends to pursue sale of Rovi Entertainment Store business as part of its ongoing strategic efforts to focus on growth opportunities related to its core enabling technologies and services.
Tom Carson, President and CEO of Rovi, said that The Rovi Entertainment Store has grown significantly since the company acquired it in February 2011, and the company believes it will continue to grow and provide an excellent platform for on-demand media delivery as retailers and content owners move to distribute more content online.
Shares of Finish Line Inc. (NASDAQ: FINL), a mall-based specialty retailer, are down sharply in trading today. At last check, FINL shares were trading 3.91% lower at $18.30 on above average volume of 917,814. The stock fell to an intra-day low of $18 today.
FINL shares have slipped after the company reported its third-quarter financial results.
Recent Comments