On the upside
Delta Petroleum (Nasdaq: DPTR) will sell a 37.5% stake of its Vega Area assets to Opon International for approximately $400 million.
Fourth quarter earnings for GameStop (NYSE: GME) beat analyst expectations and the company forecast 2010 results ahead of estimates.
Third quarter earnings for Nike (NYSE: NKE) doubled to surpass expectations as sales increased.
On the downside
Sandy Spring Bancorp (Nasdaq: SASR) increased its offering to 6.5 million shares at $13.50 per share.
Trina Solar (NYSE: TSL) will offer 7.9 million American depositary shares.
Vimpelcom (NYSE: VIP) disappointed with fourth quarter results that fell short of expectations.
In the broad market, declining issues outpaced advancers by a margin of nearly 10 to 9 on the NYSE and by 9 to 7 on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 683.
