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Closing Bell: Mixed markets for a summer Monday

Posted Jun 23rd 2008 4:20PM by Jon OggJon Ogg RSS Feed
Filed under: Advanced Micro Dev (AMD), Circuit City Stores (CC)


Today felt like a traditional summer Monday with plenty of market winners and losers and the general sense that it was a wash day. So the Saudis agreed to boost production, but oil still rose to near $137/barrel today in a move that is becoming all too familiar. The markets are getting ready for the two-days before the FOMC announcement on the rate decision, so you can expect the talking heads to come out of the woodwork ahead of this. Here were today's unofficial closing bell levels:
Advanced Micro Devices, Inc. (NYSE: AMD) fell harder than most techs, and the news may have been some highly unusual put options activity in the stock. Shares were down 6% at $6.57 in today's final minutes.

Barrier Therapeutics (NASDAQ: BTRX) also saw a rise of more than 100% to be at $2.27 late in the day after a $4.15 buyout offer from private Stiefel laboratories.

Circuit City Stores, Inc. (NYSE: CC) is down as analysts and others are doubting whether or not the company will allow itself to be acquired. We saw a drop early on And shares were down 20% to $3.42 in the final minutes today.

Corn Products International Inc. (NYSE: CPO) saw an 18% rise by the end of the day with shares at $50.65 after Bunge Ltd. (NYSE: BG) agreed to acquire the company.

Tags: amd, btrx, cc, cpo

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