CHICAGO (MarketWatch) — Here are some of Wednesday’s biggest gaining and declining stocks:
Abercrombie & Fitch Co. shares /zigman2/quotes/206677024/composite ANF +0.78% rose more than 4% following media reports that the retailer is readying a large stock buyback program.
Healthcare Services Group Inc. /zigman2/quotes/200556023/composite HCSG -0.33% rose 7.4% after the company raised its quarterly dividend and reported a 15% increase in second-quarter profit.
Orexigen Therapeutics Inc. shares rose 4.4% Wednesday after the firm said in a regulatory filing that enrollment in its study of the new heart drug Contrave is moving more quickly than expected. “Orexigen now expects to complete enrollment of patients required for the interim analysis of the Light Study in the first quarter of 2013, potentially reducing by half the original projection,” the company said.
SkyWest Inc. /zigman2/quotes/205631497/composite SKYW -1.16% was up more than 14% after Raymond James upgraded the stock to outperform on improved growth prospects.
VeriFone Systems Inc. shares /zigman2/quotes/226857682/composite PAY +0.21% rose almost 11% after the company said it had won a $35 million contract to build and support a screen-based payment and entertainment system for Washington, D.C. taxis.
Goldcorp Inc. fell 9.7% on Wednesday, after the company late Tuesday cut its 2012 production outlook. The company’s gold production forecast for 2012 was trimmed to between 2.35 million and 2.45 million ounces, from 2.6 million, citing setbacks its Red Lake mine in Ontario and Peñasquito mine in Mexico.
Do the rich deserve their wealth?
Do the rich deserve all of their wealth? WSJ's Ben Casselman visits Mean Street with results of a worldwide poll about the issue of wealth inequality. Photo: Reuters.
HHGregg Inc. shares fell more than 36% after the company cut its profit forecast for fiscal 2013, citing an anticipated slowdown in store sales. Analysts at SunTrust Robinson Humphrey also cut the stock’s rating to neutral from buy.
OCZ Technology Group Inc. fell 17%. Earlier, the firm posted financial results showing revenue grew less than expected in the latest period. At least two analysts downgraded the stock after the report.
Prospect Capital Corp. /zigman2/quotes/207164072/composite PSEC +1.47% , which plans to offer 21 million new shares, saw its stock slump 8.1%.
VOXX International Corp. shares /zigman2/quotes/202681645/composite VOXX -3.67% fell nearly 18% after the company reported disappointing earnings and warned about full-year results.