On the upside
A Seeking Alpha contributor sees upside potential to Molycorp (NYSE: MCP) in the near term.
Delta Air Lines (NYSE: DAL) paid approximately $360 million to acquire a 49% stake in Virgin Atlantic.
On the downside
J. P. Morgan downgraded Family Dollar Stores (NYSE: FDO) to a Neutral rating.
Craig Hallum and Needham initiated coverage of Ruckus Wireless (NYSE: RKUS) with Buy ratings but the stock price dropped.
Profit taking sank shares of CombiMatrix (Nasdaq: CBMX).
In the broad market, advancing issues outpaced decliners by a margin of more than 2 to 1 on the NYSE and by nearly 5 to 2 on Nasdaq. The broader S&P 500 index added 9 points to 1427.