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Market Overview

Stocks to Watch (ASTC,MBI,SQNM,SIMG,NKE,DRI)

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Astrotech Corp. (NASDAQ: ASTC) rose 74.42% to $2.10 in after hours trading after, the provider of satellite launch preparation services, said it’s exploring options to boost shareholder value, including a sale of the company.

MBIA Inc. (NYSE: MBI) slipped over 72% to $7.64 aftert  he largest bond insurer by total guarantees had its counterparty credit rating lowered to BB- from BB by Standard & Poor’s, which cited continued losses related to the company’s structured finance products.

Sequenom, Inc. (NASDAQ: SQNM) plummeted  $2.58 or 45.34% to $3.11 after Sequenom dismissed its chief executive officer and a senior research executive after finding the company mishandled development of a test for Down syndrome.

Silicon Image, Inc. (NASDAQ: SIMG) fell 6.90% to $2.70 after The designer of chips that transmit television signals said revenue in the third quarter was $39 million at most, missing its July forecast.

NIKE, Inc. (NYSE: NKE) is expected to post a fiscal first-quarter profit of 97 cents a share, according to analysts surveyed by FactSet Research.  In the previous trading sessions the stock closed at $59.00.

Darden Restaurants, Inc. (NYSE: DRI) is estimated to report a profit of 66 cents a share in the fiscal first quarter. In the previous trading sessions the stock closed at $36.14.

 

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