Here are a few stocks to keep on your radar:
- Shares of Drugstore.com (NASDAQ:DSCM) more than doubled in early Thursday trading on news the company would be acquired by Walgreen (NYSE:WAG) for $3.80 a share in cash in a deal worth about $429 million.
- Red Hat (NYSE:RHT) surged nearly 15% after the company’s fourth-quarter earnings report late Wednesday that beat analysts’ profit and revenue expectations. On Thursday, Robert W. Baird upgraded the stock to outperform, slapping a $50 price target on the shares.
- Paychex (NASDAQ:PAYX) slipped almost 4% after the company beat fiscal third-quarter profit estimates and affirmed its outlook for fiscal 2011.
- Shares of Charming Shoppes (NASDAQ:CHRS) jumped nearly 20% after the company posted a fourth-quarter loss that was narrower than a two-analyst estimate. The company said the rise in cotton-based raw materials did not affect its results, but it does expect a modest increase in product costs for its spring season.
- GameStop (NYSE:GME) rose 3.6% after the company met fourth-quarter earnings expectations and guided the Street higher for its first-quarter revenue and profit.
