Pier 1 Imports Inc. (NYSE: PIR) rallied over 11% to a yearly high of $5.01 after Dow Jones reported that the company had entered into an agreement to sell its St. Charles Ill. distribution center $11 million.
ResMed Inc. (NYSE: RMD) hit a yearly high of $47.90 after analysts at Credit Suisse upgraded the stock.
Bitstream Inc. (NASDAQ: BITS) hit a yearly high of $6.05 after the company announced that K-Touch Mobile Indonesia, a mobile phone maker, had licensed Bitstream’s mobile we brower for distribution.
Pacific Sunwear of California Inc. (NASDAQ: PSUN) rallied over 6% to a yearly high of %6.62 after FBR Capital upgraded the apparel stores industry.
Sinclair Broadcast Group (NASDAQ: SBGI) rallied over 12% to a yearly high of $4.22 after the company’s subsidiary, Sinclair Television Group, intends to offer roughl $430.00 million in debt which will be used to pas for its cash tenders for its 3% senior covertible notes due in 2027 and 4.875% senior convertable notes due in 2018.
Garrett W. McIntyre
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