On the upside
Clarient (Nasdaq: CLRT) entered into Stock Purchase Agreement to sell Series A Convertible Preferred Stock to Oak Investment Partners.
Bargain hunters lifted shares of DryShips (Nasdaq: DRYS), whose stock price fell after reporting a significant fourth quarter loss on Wednesday.On the downside
KHD Humboldt Wedag International (NYSE: KHD) swung to a loss for 2008.
Shares of CB Richard Ellis (NYSE: CBG) tumbled over fears that more retail tenants will default on leases.
Collins Stewart downgraded ON Semiconductor (Nasdaq: ONNN).
Barclays Capital downgraded Tetra Technologies (NYSE: TTI).
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 1 on both the NYSE and on Nasdaq. The Russell 2000 which tracks small cap stocks plunged 16 points to 429.
