June 27, 2012 at 10:47 AM EDT
Higher Open As Durable Goods Orders Rise
Durable goods orders rose more than expected in May to lift the markets to a higher open with the Dow rising 59 points to 12,593. Nasdaq gained 17 points to 2871.
On the upside
Amarin (Nasdaq: AMRN) received a "Reasons for Allowance" notice for its prescription fish-oil pill AMR101 patent application.
Lennar (NYSE: LEN) reported sharply higher second quarter earnings and revenue that beat analyst expectations by a wide margin as new orders surged.
Alpha Natural Resources (NYSE: ANR) amended its secured credit facility in order to increase its financial flexibility.
On the downside
O'Reilly Automotive (Nasdaq: ORLY) lowered its second quarter earnings outlook.
Omeros (Nasdaq: OMER) priced its public offering of approximately 2.9 million common shares at the discounted price of $10.25 per share.
Campus Crest (NYSE: CCG) priced its public offering of 6.5 million common shares at the discounted price of $10.10 per share.
In the broad market, advancing issues outpaced decliners by a margin of 2 to 1 on the NYSE and by nearly 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks edged up a point to 766.
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