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Millennial Media, Inc. (NYSE: MM) shares surged 9.69 percent to close at $7.36 a share Monday. The stock traded between $7.13 and $7.78 on volume 12.49 million shares traded. The company announced pro forma combined revenue is expected to be between $106 million and $109 million for the fourth quarter of 2013, up from previous guidance of $95 million to $100 million. Shares of Millennial Media have fallen approximately 40.0 percent in the past year.
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Rayonier Inc. (NYSE: RYN) shares spiked 9.71 percent to close at $45.18 a share Monday. The stock traded between $43.76 and $45.42 on volume 5.63 million shares traded. The company announced plans to split its Performance Fibers business from its Forest Resources and Real Estate businesses. Shares of Rayonier have fallen approximately 15.0 percent in the past year.
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Sony Corporation (NYSE: SNE) shares declined 2.93 percent to close at $16.23 a share Monday. The stock traded between $15.76 and $16.53 on volume of 6.82 million shares traded. Moody’s Investors Service has lowered the company’s bond rating to “junk status”. Shares of Sony have gained approximately 12.0 percent in the past year.
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Xcel Energy Inc. (NYSE: XEL) shares increased 0.43 percent to close at $28.18 a share Monday. The stock traded between $28.03 and $28.32 on volume 2.91 million shares traded. The company announced that it expects 1 of 3 natural gas pipelines to be operating at full capacity by Monday afternoon. Shares of Xcel Energy have gained approximately 2.5 percent in the past year.
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