The markets traded mixed during the midday with the Dow slipping 7 points to 15,607. Nasdaq gained 7 points 3929.
On the upside
SmallCapTraders.com initiated coverage of Oxygen Biotherapeutics (Nasdaq: OXBT) on Friday.
Shunfeng Photovoltaic will pay approximately $492 million to acquire the Wuxi Suntech Power unit from Suntech Power (NYSE: STP).
SolarCity (Nasdaq: SCTY) will offer $54.4 million worth of notes through a private placement.
On the downside
Zogenix (Nasdaq: ZGNX) narrowed third quarter losses but the results fell short of expectations and the pharmaceutical announced plans to sell $60 million worth of common stock.
Ryanair (Nasdaq: RYAAY) cut its full year earnings guidance.
Shares of Central European Media (Nasdaq: CETV) continued falling after Moody’s placed its ratings under review for a possible downgrade last week.
In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 2 on the NYSE and by 5 to 3 on Nasdaq. The broader S&P 500 rose 2 points to 1764.
