On the upside
Blockbuster (NYSE: BBI) amended its loan facility giving the video entertainment retail chain more time to fix its business.Shares of Research In Motion (Nasdaq: RIMM) soared after the maker of BlackBerry smartphones posted 4th quarter earnings that surpassed estimates.
Kimco Realty (NYSE: KIM) priced shares at $7.10 each to raise more than $600 million. Investors were surprised by demand for the real estate investment trust.
On the downside
An analyst downgraded Carmax (NYSE: KMX) after the company posted 4th quarter results that beat expectations.
Shares of Lincoln National (NYSE: LNC) fell again as investors continued to worry about the insurer's ability to raise new capital.
Shares of Amylin Pharmaceuticals (Nasdaq: AMLN) continued to sell off after competing diabetes drug treatment received the nod from the FDA.
In the broad market, declining issues outpaced advancers by a
margin of nearly 2 to 1 on the NYSE and by 5 to 3 on Nasdaq.
The Russell 2000 which tracks small cap stocks fell 3 points to 446.
