On the upside
CommScope (NYSE: CTV) priced its offering of 9.1 million shares of common stock and $250 million aggregate principal of 3.25% convertible notes.
First quarter earnings for Excel Maritime Carriers (NYSE: EXM) surged as revenue soared nearly four times last year.
On the downside
LDK Solar (NYSE: LDK) swung to a first quarter loss prompting a downgrade.
Yingli Green Energy (NYSE: YGE) swung to a wider than expected first quarter loss and lowered its 2009 shipment outlook.
In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE while deliners outpaced advancers by nearly 5 to 4 on Nasdaq. The Russell 2000 which tracks small cap stocks lost 3 points to 477.
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