On the upside
Metropolitan Health Networks (NYSE: MDF) will be acquired by Humana (NYSE: HUM) in a deal valued at approximately $850 million.
Strategic Hotels & Resorts (NYSE: BEE) announced the immediate resignation of president and chief executive officer Laurence S. Geller prompting an upgrade. On the downside
Pharmacyclics (Nasdaq: PCYC) reversed year ago losses to post a profit for the first quarter but the results fell short of analyst expectations.
Investors locked in profits on Radian Group (NYSE: RDN), which posted its first quarterly profit in 2012 last week.
Time Warner Cable (NYSE: TWC) reported higher third quarter earnings but the results fell short of analyst expectations.
In the broad market, declining issues outpaced advancers by a margin of 5 to 3 on the NYSE while decliners barely edged out advancers by a slim margin on Nasdaq. The Russell 2000 which tracks small cap stocks eased a fraction to 813.