On the upside
Shares of AVI Biopharma (Nasdaq: AVII) surged for a second day on hopes that health regulators around the world will purchase swine flu vaccines.
On the downside
Two of Builders FirstSource's (Nasdaq: BLDR) largest shareholders plan to restructure the building products supplier's debt.
Shares of Catalyst Pharmaceutical Partners (NYSE: CPRX) retreated after surging yesterday on news that the company signed an exclusive licensing deal to commercialize a new class of GABA aminotransferase inhibitors discovered by Northwestern University.
CPI (NYSE: CPY) reported a loss for the second quarter.
Gander Mountain (Nasdaq: GMTN) widened second quarter losses as expenses rose.
Two potential suitors of E-Trade (Nasdaq: ETFC) may wait until 2010 to make a bid for the discount broker.
In the broad market, declining issues outpaced advancers by a margin of more than 4 to 1 on the NYSE and by nearly 4 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks dropped 14 points to 558.
