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Lululemon Athletica Inc. (NASDAQ: LULU) shares closed down 11.65 percent on Thursday with almost 26 million shares traded. The stock was one of the biggest losers on the NASDAQ. The company announced its third-quarter earnings, lowering its yearly forecast and saying that it expected same-store sales to be flat in the fourth quarter, including the holiday shopping season.
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Federal National Mortgage Association (OTCBB: FNMA) shares closed up 7 percent on nearly 28 million shares traded on Thursday. The stock was one of the most actively traded stocks in the OTCBB market. The company said on Wednesday it sold $1.5 billion ofbenchmark bills at higher interest rates compared with lastweek's sale of similar maturities.
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IAMGOLD Corp. (NYSE: IAG) shares closed down 10.94 percent on Thursday with about 26 million shares traded. The stock had one of the biggest percentage decreases in the NYSE. The drop came after the company said it would suspend dividend payments due to weak gold prices. The company announced on Wednesday that it is suspending the dividend until further notice. The company said the move will help preserve its balance sheet and conserve cash. Iamgold said it is on target to cut its costs by $100 million in 2013 and will seek ways to cut costs more next year.
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WMI Holdings Corp. (OTC: WMIH) shares closed up 17.05 percent on Thursday with over 7.7 million shares traded. The stock was one of the biggest gainers in the OTC market and hit a new 52-week high of $2.13 during intra-day trading. The company announced earlier in the week that KKR & Co. L.P. has entered into a conditional commitment letter to make a strategic investment in the Company, dated December 8, 2013.
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