Wednesday, April 30, 2014

Morning Movers: Energizer Surges on Planned Split; Panera Slides on Sales Disappointment

Stocks have dipped slightly this morning after U.S. gross-domestic product barely rose during the first quarter. The market, however, is also waiting to hear from the Federal Reserve this afternoon.

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S&P 500 futures have dipped 0.1%, while Dow Jones Industrial Average futures are off just 2 points.Nasdaq Composite futures have fallen 0.3%.

U.S. GDP rose just 0.1%, well below forecasts for 1.1%. Blame the weather.

Energizer Holdings (ENR) has jumped 18% to $115 after it said it planned to split itself in two.

Pepco (POM) has surged 18% to $26.87 after it agreed to be purchased by Exelon (EXC) for $27.25 a share in an all-cash deal. Exelon has dropped 2.4% to $35.31.

Panera Bread (PNRA) has dropped 5.5% to $154.23 after beating earnings forecasts, but reporting tepid same-store-sales growth and offering disappointing guidance.

GlaxoSmithKline (GSK) has fallen 1.8% to $55.38 after reporting sluggish sales.

 

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