U.S. markets losses continued Friday due to disappointing economic readings and as investors awaited the upcoming central bank's policy-committee meeting. The Standard & Poor's 500 index and the Dow Jones Industrial Average posted losses of 1.01 percent and 1.17 percent last week. On Friday, the International Monetary Fund kept its 2013 growth outlook at 1.9 percent, but lowered its 2014 growth outlook 0.3 percent to 2.7 percent. The markets recent slide is largely due to concerns that the Federal Reserve may curb its $85 billion-a-month bond-buying program. Here is how some of the top movers reacted Friday:
American Superconductor Corporation (NASDAQ: AMSC) shares declined 11.32 percent to close at $2.35 a share. The stock traded in between $2.35 and $2.58 on volume of 1.68 million shares traded. The company reported revenues were $20.4 million for the fourth quarter of fiscal 2012, compared to $28.6 million in the year ago quarter.
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Ceres Inc. (NASDAQ: CERE) shares hit a low of $3.55 Friday before settling to close at $3.76, a decrease of 11.74 percent. The stock traded in between $3.55 and $4.20 on volume of 1.84 million shares traded. Raymond James analyst Pavel Molchanov currently has a “outperform” rating on the company and a price target of $7.00.
Find out more about Ceres including full access to the free equity report at:
Maxwell Technologies Inc. (NASDAQ: MXWL) shares hit a low of $6.55 Friday before settling to close at $6.58, a decrease of 10.35 percent. The stock traded in the range of $6.55 to $7.37 on volume of 809,662 shares traded. Shares of Maxwell Technologies have fallen approximately 20.7 percent year-to-date.
Find out more about Maxwell Technologies including full access to the free equity report at:
Orchard Supply Hardware Stores Corp. (NASDAQ: OSH) shares hit a low of $1.80 Friday before settling to close at $1.88, a decrease of 11.74 percent. The stock traded in between $1.80 and$2.23 on volume of 1.21 million shares traded. It has recently been reported that Bruce Berkowitz and his investment firm Fairholme Capital, the company’s largest shareholder, have liquidated its 12.5 stake (approximate) in the company.
Find out more about Orchard Supply Hardware including full access to the free equity report at:
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