On the upside
Dycom Industries (NYSE: DY) narrowed second quarter losses and announced that it will buy back up to $20 million worth of common stock.
Carnival Cruise Lines (NYSE: CCL) announced price increases for summer cruises after reporting record wave season bookings.
McMoRan Exploration (NYSE: MMR) director Robert Day purchased nearly $1.1 million worth of company stock.
On the downside
InfoLogix (Nasdaq: IFLG) restructured a $25 million senior debt financing from Hercules Technology Growth Capital (Nasdaq: HGTC).
Raymond James analyst Budd Bugatch downgraded Culp (NYSE: CFI) citing valuation concerns.
Trina Solar (NYSE: TSL) reported higher fourth quarter earnings that topped analyst estimates but warned that margins will slip in the first quarter.
In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 5 points to 630.
