Markets Mixed As Economic Data Tempers Greek Concerns

The markets traded mixed during the midday with the Dow climbing 55 points to 11,953 as upbeat economic data tempered concerns of a Greek default. Nasdaq lost 5 points to 2626.

On the upside

Odyssey Marine Exploration (Nasdaq: OMEX) priced its public offering of 4.8 million common shares at $3.05 per share.

Smithfield Foods (NYSE: SFD) swung to a better than expected profit for the fourth quarter as revenue climbed.

Allos Therapeutics (Nasdaq: ALTH) reported the activation of 59 sites and the enrollment of 98 patients in COMPLETE, an international registry collecting treatment data on patients with peripheral T-cell lymphoma.

On the downside

Citron Research alleged that Harbin Electric (Nasdaq: HRBN) submitted fraudulent SEC filings and committed loan fraud.

Pier 1 Imports (NYSE: PIR) reported sharply higher first quarter earnings that topped analyst estimates as revenue rose but the stock price fell.

Continued concerns of a Greek default weighed down shares of National Bank of Greed (NYSE: NBG).

In the broad market, advancing issues outpaced decliners by a margin of nearly 5 to 4 on the NYSE and by more than 5 to 3 on Nasdaq. The Russell 2000 which tracks small cap stocks gained 5 points to 784.
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