Movers and Shakers On March 18 (CAR, DPTR, MDTH, NKE, SMRT, GME, SCVL, CMRG, CRAI, PQ, SFY)
Some of the stocks that made ripples in the US stock market yesterday are:
Avis Budget Group Inc (NYSE: CAR) advanced 8.6% following an upgrade in rating by Barclays PLC from “equal weight” to “over weight.”
Delta Petroleum Corp (NASDAQ: DPTR) soared 30% after the company announced that it would sell a stake in Colorado natural-gas fields for $400 million.
MedCath Corp (NASDAQ: MDTH) jumped 28.30% after Deutsche Bank upgraded the operator from “hold” to “buy.”
Nike Inc (NYSE: NKE) shares added 5.33% following better-than-expected profit and orders reported by the athletic-shoe maker.
Stein Mart (NASDAQ: SMRT) shares climbed 6.98% after the company reported profits of $0.6 a share for the fourth quarter, as compared to a loss of $1.35 a share a year ago.
GameStop Corp (NYSE: GME) stock gained 6.55% after the videogame publisher forecasted a recovery in its sales and profits this year.
Shoe Carnival Inc (NASDAQ: SCVL) rose 6.63% after the retailer forecasted better-than-expected results for the first quarter.
Moving to the stocks that managed to pull the market down, some notable ones were:
Casual Male Retail Group Inc (NASDAQ: CMRG) shares fell 7.9% after the clothing retailer’s fourth-quarter results failed to meet expectations.
CRA International Inc (NASDAQ: CRAI) tumbled 18.5% following lower-than-expected quarterly profits.
PetroQuest Energy (NYSE: PQ) lost 8.6% and Swift Energy (NYSE: SFY) slumped 5.4% after news got around that crude prices were dropping.
Read more from Benzinga's Markets.
