Rebounding oil lifts markets

Rebounding oil prices lifted the markets higher during the midday with the Dow rising 44 points to 17,365. Nasdaq gained 21 points to 4,592.

On the upside

Altisource Portfolio Solutions (Nasdaq: ASPS) added its most recent investor presentation dated January 16, 2015 to its website.

E2open (Nasdaq: EOPN) adopted a shareholder rights plan.

Rising crude oil prices lifted shares of Penn West Petroleum (NYSE: PWE) and Ultra Petroleum (NYSE: UPL).

On the downside

China Mobile Games and Entertainment (Nasdaq: CMGE) denied allegations made by a short seller but the stock price fell.

Roundy’s (NYSE: RNDY) forecast lower same store sales for the first quarter and fiscal 2015.

QAD (Nasdaq: QADA) priced its public offering of 3 million common shares at the discounted price of $20 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 2 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 gained 10 points to 2002. Bitcoin slipped $1 to $204.

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