On the upside
Swander Pace Capital will acquire Physicians Formula (Nasdaq: FACE) in a deal valued at approximately $65 million.
Leerink Swann upgraded Array Biopharma (NYSE: ARRY) to an Outperform rating.
On the downside
Shares of InterOil (NYSE: IOC) continued falling after reporting a larger than expected loss for the second quarter after market close on Monday. Jaguar Mining (NYSE: JAG) fell to a loss for the second quarter.
Netlist (Nasdaq: NLST) widened second quarter losses as revenue dropped.
In the broad market, advancing issues outpaced decliners by a margin of 7 to 5 on the NYSE and by 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 802.