On the upside
Shares of Athersys (Nasdaq: ATHX) more than doubled following an analyst upgrade with a price target of $8 a share.
American International Group (NYSE: AIG) cancelled the planned IPO of its Chartis unit.
Shares of China Infrastructure Investment (Nasdaq: CIIC) surged. The company constructed and operates a major toll road and gas stations in China.
On the downside
Shares of Amcore Financial (Nasdaq: AMFI) gave up recent gains after reaching a credit facility agreement last week.
Shares of Bristol-Myers Squibb (NYSE: BMY) closed lower on heavy volume after the drug giant increased its dividend.
Ensco International (NYSE: ESV) announced shareholder approval to move its corporate headquarters to London for tax purposes.
In the broad market, advancing issues outpaced decliners by a margin of nearly 2 to 1 on the NYSE and by 3 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks rose 5 points to close at 623.
