Globe Specialty Metals, Inc. (NASDAQ: GSM) plunged 11.16% to $12.30 in the early hour. The 52 week trading range for the company is $12.26 – $25.67. The company has declined over 29% in the last one year. Globe Specialty Metals is a producer of silicon metal and silicon-based alloys, with approximately 100,000 metric tons (MT) of silicon metal capacity (excluding Dow Corning Corporation’s portion of the capacity of its Alloy, West Virginia plant) and 120,000 MT of silicon-based alloys capacity.
Children’s Place Retail Stores, Inc. (NASDAQ: PLCE) fell 7.18% to $49.26 in the early hour after the company lowered its fourth quarter earnings guidance. The company now expects fourth-quarter income of $0.85 to $0.90 a share, down from its November view of $1.19 to $1.24.
Sodastream International Limited (NASDAQ: SODA) increased 4.61% to $39.51 in the morning hour after Kraft Foods, Inc. (NYSE: KFT) and SodaStream International, Ltd. (NASDAQ: SODA) announced a strategic partnership for the manufacturing, marketing, distribution and sale of Kraft Foods branded flavors for use with the SodaStream soda making system.
Rite Aid Corporation (NYSE: RAD) gained 3.60% to $1.29 in the morning hour after the company announced sales results for December. For the five weeks ended December 31, 2011, same store sales increased 3.6% over the prior-year period. December front-end same store sales increased 0.7%.
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