Hot & Cold: Groupon Surges 11.5%, Walter Energy Plunges 17%
Walter Energy (NYSE:WLT) shares plunged more than 17 percent on Friday. Sources told Forbes that the company withdrew its proposed $1.55 billion loan refinancing deal because of market conditions. Other energy names such as Peabody Energy (NYSE:BTU) also declined.
Shares of Groupon (NASDAQ:GRPN) surged 11.5 percent on Friday. The online deals company received an upgrade from Deutsche Bank to Buy – analyst Ross Sandler previously had a Hold rating. He explains in a note, “Sentiment has improved since our initial November ‘warm-up,’ and now we are upgrading amidst the current transition phase before growth turns back up.”
BlackBerry (NASDAQ:BBRY) shares outperformed the broad market by edging slightly higher. Wells Fargo reported that salespeople have indicated strong sales for the QWERTY-loaded Q10, and has been a generally strong seller in the U.S. The firm expects the company to report slightly stronger-than-expected results for its May quarter, and it keeps an Outperform rating on the stock.
Shares of Apple (NASDAQ:AAPL) fell more than 1 percent on Friday, and continued to attract attention in late afternoon trading. Samsung (SSNLF.PK), one of Apple’s biggest rivals in the mobile device market, will likely be producing the Retina displays for the iPad mini 2 and iPad 5 according to the latest industry rumor reported by Korean site ETNews. The 7.9-inch Retina display for the iPad mini will feature a 2,048 by 1,536 pixel resolution and the 9.7-inch iPad display will have a narrower bezel than the current model.
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