10 Radar Movers: Shutterfly Down 4%, Diamond Foods Falls 15% and Metabolix Crashes 40%

Shares of Shutterfly Inc. (NASDAQ:SFLY) are down almost 4 percent in late market trading.  The company’s CFO, Mark Rubash, has left the company to join a medical tech company.

Diamond Foods Inc. (NASDAQ:DMND) shares fell 15 percent after the closing bell.  The Department of Justice is investing the food company for possible criminal fraud associated with its accounting practices with walnut growers.  Other food companies such as ConAgra Foods Inc. (NYSE:CAG) and Kraft Foods Inc. (NYSE:KFT) are flat in late trading.

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Google Inc. (NASDAQ:GOOG) is edging slightly lower after disclosing it has added VMware (NYSE:VMW) co-founder Diane Greene to its board.  Shares of Apple Inc. (NASDAQ:AAPL) are slightly higher in extended trading.

Shares of Metabolix Inc. (NASDAQ:MBLX) are crashing more than 40 percent after the closing bell.  The bioscience company announced that Archer Daniels Midland Co. (NYSE:ADM) has given notice to terminate its Telles, LLC joint venture for PHA bioplastics.  The termination takes effect February 8, 2012.

Although shares closed almost 4 percent higher on Thursday, New York and Co. (NYSE:NWY) announced it will post a fourth quarter loss, due to a bigger-than-expected decline in same-store sales.  Shares of Gap Inc. (NYSE:GPS) also closed higher, while Express Inc. (NYSE:EXPR) closed lower.

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To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com