CHICAGO (MarketWatch) — Here are some of Tuesday’s top gaining and declining stocks:
Advanced Micro Devices /zigman2/quotes/208144392/composite AMD +0.26% gained 8.1% after it announced it has invested in CiiNOW, a provider of cloud gaming technology doing business in a market that the company said is “expected to reach $81 billion by 2016.”
Alpha Natural Resources picked up 7.7%, one of several commodity-related stocks to advance in step with increases in oil, natural gas and metals prices. Cliffs Natural Resources /zigman2/quotes/205424168/composite CLF -1.11% rose 6.4%, while Cabot Oil & Gas Corp. added 5.7%.
Calix Inc. /zigman2/quotes/206786772/composite CALX +4.59% shares rose 7.1%. A regulatory filing showed that Chief Financial Officer Michael Ashby bought 50,000 shares of the broadband technology firm.
Burberry warns of luxury slowdown
Burberry's surprise warning of slower sales could signal the end of the luxury sector's immunity to the global economic downturn.
Cell Therapeutics Inc. /zigman2/quotes/202843346/composite CTIC +2.80% rose 39% to $3.56 after the company announced the European launch of one of its drugs.
Legg Mason Inc. shares added 5.4%. The company named Joseph Sullivan, current head of global distribution, as its interim chief executive. Mark Fetting will step down as CEO on Oct. 1, but remain a consultant at the Baltimore-based money manager through the end of the year.
Sunesis Pharmaceuticals Inc. shares rose 32% to $3.49, rallying after positive news regarding a late-stage trial of one of the company’s drugs.
Amarin Corp. /zigman2/quotes/201885540/composite AMRN +2.67% fell nearly 6% after the company said a U.S. Food and Drug Administration ruling on the exclusivity of its Vascepa heart pill probably won’t come this month.
Central Garden & Pet Co. /zigman2/quotes/206292828/composite CENTA +2.41% shares fell 11% after the maker of pet and garden supplies issued a fourth-quarter outlook that fell short of most Wall Street estimates.
Five Below Inc. /zigman2/quotes/202743941/composite FIVE +5.28% shares closed down 3.6% after the teen discount retailer reported a second-quarter profit that fell 44% on heavy debt-related expenses, masking an increase in sales.
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Navidea Biopharmaceuticals Inc. /zigman2/quotes/209461798/composite NAVB +4.57% shares fell 25% to $2.64, as ThinkEquity analysts downgraded the firm to hold from buy following a regulatory setback regarding a drug candidate.
Palo Alto Networks Inc. /zigman2/quotes/207599953/composite PANW +5.09% gave up 7.2% following its report of a fourth-quarter loss.
Sequenom Inc. shares lost 7.2% to $3.63 after the company said it would offer $100 million of five-year convertible senior notes via a private offering for institutional investors.
Voyager Oil & Gas Inc., which recently changed its name to Emerald Oil Inc. , ended down 11% at $1.06 on news it is offering 82 million shares to raise funds to repay debt.