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Steinway, BPZ, Smith & Wesson are market movers

Source : AP
Last Updated: Fri, Dec 28, 2012 05:30 hrs

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Steinway Musical Instruments Inc., down $1.02 at $21.50

The musical instrument maker completed an evaluation of strategic alternatives and decided not to sell its band instrument unit.

Herbalife Ltd., up 89 cents at $28.30

Shares of the nutritional supplements company continued to rise after the company said it will meet with analysts to discuss its business.

Nasdaq

BCD Semiconductor Manufacturing Ltd., up $3.43 at $7.41

Semiconductor components maker Diodes Inc. agreed to buy rival BCD Semiconductor for about $151 million in cash.

Marvell Technology Group Ltd., down 26 cents at $7.14

A jury found the chip maker liable for $1.17 billion in a patent infringement case filed by Carnegie Mellon university.

BPZ Resources Inc., up 25 cents at $3.03

The oil and gas company said it sold a 49 percent interest of an oil reserve off Peru to Pacific Rubiales Energy Corp.

Oculus Innovative Sciences Inc., down 9 cents at 52 cents

The drug, medical device and nutritional products maker said that it received a U.S. patent for its treatment of skin ulcers.

Smith & Wesson Holding Corp., up 30 cents at $8.26

After a recent sell-off in shares, the gun maker said it plans to spend an additional $15 million buying back its own stock.

Parexel International Corp., down 44 cents at $29.07

The pharmaceutical research contractor said it will buy software maker Liquent Inc. for about $72 million.



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