BioFuel Energy Corp. (BIOF) stock skyrocketed 57.00% Tursday after hedge fund manager David Einhorn said in a regulatory filing that he holds a 36.2% stake in the biofuel company, up from the previous stake of 25.5% at the end of the second quarter.
Smith & Wesson Holding Corporation (SWHC) stock traded up 11.89% as the company reported adjusting earnings of 28 cents per share from 4 cents a year ago, beating the consensus estimate by 55%. The manufacturer of firearms raised the guidance for full fiscal-year topping the analysts consensus estimate, as strong demand for its guns and expansion at its factories to handle current orders.
Peregrine Pharmaceuticals (PPHM) stock price rose sharply by 46.58%, after the company announced interim results from its Phase IIb trial showed a statistically significant improvement in survival.
Lululemon Athletica inc. (LULU) stock price climbed 12.45% after the company announced Q2 2012 earnings of $0.39 on a 33% increase in revenue, up 50% from a year ago, topping the average analyst estimate of $0.31 by 25.8%.
Kraft Foods Inc (KFT) plunged 5.49% after the food company provided initial outlook for its snacks business Mondelez, which will be marked by a weak gum category offsetting stronger sales of chocolate and biscuits, and negatively impacted by foreign exchange rates.
Cliffs Natural Resources Inc (CLF) spiked up 14.49% as the improved prospects for economic stimulus and the mining and natural resources company got a boost in its labor negotiations with United Steelworkers of America.
Intel Corporation (INTC) stock price stripped 3.61% after the chip maker lowered its guidance for third-quarter revenue due to weaker than expected demand in a challenging macroeconomic environment.
Ulta Salon, Cosmetics & Fragrance, Inc. (ULTA) closed up 6.59% and hit a 52-week new high of 103.52 in the intraday trading after the beauty retailer reported strong second-quarter financial results.