On the upside
J. P. Morgan initiated coverage of Biovail (NYSE: BVF) with an Overweight rating.
Compton Petroleum (NYSE: CMZ) announced a delay to the closing of its public offering.
Stifel, Nicolaus & Co. analyst Chris Brendler ugraded AmeriCredit (NYSE: ACF) citing improving market conditions.
On the downside
United Community Banks (Nasdaq: UCBI) priced its offering of 38.7 million shares at $5 per share.
Superior Well Services (Nasdaq: SWSI) amended the terms of its credit agreement to reduce its borrowing capacity.
KB Home (NYSE: KBH) reported a wider than expected loss for the third quarter.
In the broad market, declining issues outpaced advancers by a margin of more than 5 to 3 on both the NYSE and Nasdaq. The Russell 2000 which tracks small cap stocks fell 4 points to 596.
