$0.57
14.1%
Shares of Chicago-based Smurfit-Stone Container Corp. jumped to $4.61. The packaging company was raised to “outperform” from “neutral” by Credit Suisse Group. Nonetheless, the stock is 67 percent below its 52-week high.
-$3.04
16.2% Fannie Mae stock sank to $15.74, its lowest price since July 1992. The mortgage giant slumped amid concerns it may need to raise more capital. Fellow mortgage firm Freddie Mac dropped 18 percent, to $11.91, its lowest level since November 1993.
$1.87
7.1%
Shares of Broadcom Corp. climbed to $28.09. Piper Jaffray raised its rating on the maker of chips for cell phones to “buy,” saying second-quarter revenue may exceed estimates.
-$4.12
12.5%
Bankrate Inc. shares had their biggest percentage loss in eight months, tumbling to $28.89. The provider of personal-finance services said profit and sales for the year will be below its earlier forecast.
-$1.64
11.6%
Shares of Marshall & Ilsley Corp. had their biggest percentage decline in more than two decades, sliding to $12.50. Wisconsin’s largest bank said it expects to report a second-quarter loss.
$1.39
5.9%
Adtran Inc. shares rose to $24.88. The maker of network equipment for telecommunications companies was raised to “overweight” by Morgan Stanley analysts.
