The markets retreated in late afternoon trading to close mixed with the Dow rising 14 points to 15,976 after activist investor Carl Icahn offered a cautious outlook on the stock market. Nasdaq dropped 36 points to 3949.
On the upside
A Seeking Alpha contributor highlighted the potential of Northwest Biotherapeutics’ (Nasdaq: NWBO) development stage cancer treatments.
Tile Shop Holdings (Nasdaq: TTS) continued rising after Piper Jaffray affirmed its Overweight rating on the stock on Friday.
ABnote will offer On Track Innovations’ (Nasdaq: OTIV) new WAVE device for mobile wallet payments.
On the downside
Profit taking sank shares of Vanda Pharmaceuticals (Nasdaq: VNDA).
Goldman Sachs analyst Stephen Grambling downgraded Supervalu(NYSE: SVU) from a Neutral rating to a Sell rating and lowered his price target from $8 to $6.
Investors locked in profits on E-Commerce China Dangdang (NYSE: DANG).
In the broad market, declining issues outpaced advancers by a margin of more than 3 to 2 on the NYSE and by more than 5 to 3 on Nasdaq. The broader S&P 500 lost 6 points to 1791.
