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Apple Shares Bounce on Rumored iPhone 5S
Date:3/22/2013

million shares; roughly thirteen times higher than the stock's average. Shares closed up 23.91% at $8.24.

SUPERVALU Inc. (NYSE: SVU) - Supervalu Inc. was one of the most active stocks trading on the NYSE on Thursday. The stock rose more than 13 percent after the supermarket operator announced that it completed the sale of five of its grocery chains. Supervalu sold five of its grocery chains to Cerebus Capital Management LP in a deal valued at $3.3 billion, including debt. The company said it will be a "more efficient wholesale and retail company" after the transfer, with roughly $17 billion in annual sales. Volume traded yesterday was more than double than average. The stock closed up 11.69% at $4.68.

Oracle Corporation (Nasdaq: ORCL) - Oracle Corporation was one of the biggest decliners on the Nasdaq composite on Thursday with the stock sinking as much as 10% in intra-day trading when it hit a low of $32.18.  The big drop came after the Company reported surprisingly disappointing third-quarter new software revenue late Wednesday, which it blamed on poor sales execution. Several analysts changed their ratings on the Company including Credit Agricole who reduced its rating on Oracle, to "underperform" from "outperform" and cut its share target price to $35 from $38. Trading volume yesterday was over 130 million shares. The stock closed at $32.30, down 9.69%.

Ballard Power Systems Inc. (Nasdaq: BLDP) - Shares of Ballard Power Systems took a tumble on Thursday after the Company announced that it has priced an underwritten offering of 7,275,000 units at a price of U.S. $1.10 per unit, for gross offering proceeds of approximately U.S. $8.0 million. The stock sank as low as $0.99 in intra-day trading. By t
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