Biggest Winning and Losing Stocks: LinkedIn, Frontline, and More
Frontline Ltd’s (NYSE:FRO) shares shoots up. It was up to $4.13 after the debt-riddled oil-tanker owner said it would restructure in a deal involving a large commitment from Hemen Holding Ltd., a major stake holder.
LinkedIn Corp.’s (NYSE:LNKD) shares advanced after Morgan Stanley upgraded the professional-networking site to overweight from equalweight.
MetroPCS Communications Inc.’s (NYSE:PCS) shares gained after William Blair & Co. hiked the wireless carrier to outperform from market perform.
ModusLink Global Solutions Inc.’s (NASDAQ:MLNK) shares rose after a regulatory filing had shareholder Handy & Harman Ltd. purchasing 498,000 shares of the supply-chain manager on Dec. 1.
Orbitz Worldwide Inc.’s (NYSE:OWW) shares raced upward after Benchmark & Co. upgraded the online travel site to buy from hold.
Peregrine Pharmaceuticals Inc.’s (NASDAQ:PPHM) shares rose to $1.27 after the developer of antibodies reported positive findings from an initial trial of its tumor treatment.
Darden Restaurants Inc.’s (NYSE:DRI) shares fell after the operator of the Olive Garden chain cut its fiscal 2012 earnings and sales outlook.
BJ’s Restaurants Inc (NASDAQ:BJRI); shares of another casual dining restaurant declined.
Protalix BioTherapeutics Inc.’s (AMEX:PLX) shares dropped significantly after the biotechnology firm said U.S. regulators had postponed a decision on its Gaucher disease protein.
Tesoro Corp.’s (NYSE:TSO) shares declined after Credit Suisse downgraded its rating on the oil refiner to neutral from outperform.