NEW YORK, April 12, 2013 /PRNewswire/ --
Stocks got a push on Thursday after retailers including Rite Aid and Ross Stores turned in better sales. Ross Stores jumped 7 percent, the biggest gain in the S&P 500. Major indexes have risen for four straight days. Shares of Pfizer Inc. hit as high as $30.82 on Thursday creating a new 52-week high for the company. TheStreet Ratings rates Pfizer as a buy.
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Microsoft Corporation (Nasdaq: MSFT) - Microsoft was one of the biggest decliners on the Nasdaq yesterday. The drop came after it was revealed that PC shipments fell 13.9% in Q1, the steepest decline since 1994 when the International Data Corporation began collecting data. Both Goldman Sachs and Nomura cut their recommendations on MSFT to sell and neutral. Shares closed down 4.39% at $28.95. The stock has a 52-week trading range of 26.26 - 32.89.
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Hewlett-Packard Company (NYSE: HPQ) - The computer industry took a hit on Thursday including Hewlett Packard who's shares dropped more than 6% at the close. According to the International Data Corporation, PC sales fell 14% in the first quarter compared to the same period a year ago. This is almost double compared to the 7.7% decline that analysts were expecting.
DynaVox Inc. (Nasdaq: DVOX) - DVOX shares closed down more than 36% on Thursday after the Company announced that it received notification on April 5, 2013 that The NASDAQ Stock Market LLC ("NASDAQ") has determined to delist the Company's Class A common stock from the NASDAQ Global Select Market, effective with the open of business on April 16, 2013.
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ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) - ACAD shares exploded yesterday on tremendous volume after the Company announced that it was filing an accelerated new drug application for Pimavanserin after discussions with the Food and Drug Administration. Shares closed up 64.49%.
Rite Aid Corporation (NYSE: RAD) - RAD shares hit a new 52-week high of $2.15 yesterday after the Company reported its first annual profit in six years. For the full fiscal year, the company earned $107.5 million, or 12 cents per share, on $25.39 billion in revenue.
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