Markets: News  

Monday's biggest gaining and declining stocks

CHICAGO (MarketWatch) -- Here are some of the biggest gaining and declining U.S. stocks on Monday:

Gainers

Achillon Pharmaceuticals Inc. (ACHN) advanced almost 11% after the company reported positive results in a Phase 1b clinical trial of its ACH-2684 second-generation protease inhibitor, used to treat patients with chronic hepatitis C.

American Eagle Outfitters Inc. (AEO) rose 11% after the teen retailer said it plans to exit its money-losing 77kids children's business.

Brown Shoe Co. Inc. (BWS) picked up 9% on Monday, adding to a more than 25% gain on Friday. The parent of the Famous Footwear chain reported that its adjusted first-quarter profit topped analyst estimates. The company also raised its full-year outlook.

Cooper Industries PLC(CBE) saw its U.S.-listed shares rise more than 25% after the company agreed to be bought by Eaton Corp. (ETN) in a deal valued at $11.8 billion in cash and stock.

E-Future Information Technology Inc. (EFUT) was up 21% after the Chinese software provider said its fiscal first-quarter revenue should rise by 20% to 35% over the prior year.

General Cable Corp. (BGC) was up 9.2% on news the fiber-optic cable provider entered into a pact to buy Alcan Cable from Rio Tinto PLC for about $185 million.

NGL Energy Partners LP(NGL) rose 11% on news it entered into a deal to acquire High Sierra Energy LP for $533 million in cash and stock.

Penn Virginia Corp. (PVA) stepped up 17% after Brean Murray Caret started coverage at buy.

Peregrine Pharmaceuticals Inc. (PPHM) was up 21% after the company reported positive data from a Phase II trial of its experimental lung cancer treatment.

Riverbed Technology Inc. (RVBD) rose 8.6% after it doubled the size of its stock buyback program by approving another $150 million in stock repurchases.

TOR Minerals International Inc. (TORM) picked up more than 7% on news the producer of synthetic titanium dioxide and color pigments has received an $11 million purchase order from a major international chemical customer.

Ultra Clean Holdings Inc. (UCTT) rose 17.5% on news it will buy American Integration Technologies LLC, doing business as Advanced Integration Technologies, for about $99 million in cash and stock.

Decliners

Avon Products(AVP) shares fell 1%. On Monday morning, analysts at UBS downgraded the stock to sell.

Facebook Inc. (FB) fell 11% to $33.82, putting the stock below its IPO price of $38 per share on its second day of trading. More than 73 million shares of the social network changed hands. Zynga Inc.(ZNGA) was down 1%, while LinkedIn Corp.(LNKD) gave up 2.2%.

GSV Capital Corp. (GSVC) was down almost 10%; the fund has exposure to Facebook (FB) and other Internet companies.

Lowe's Cos. (LOW) shares slid more than 10% on Monday. Lowe's fiscal first-quarter earnings rose 14% as a calendar shift and unusually warm weather gave a boost to results, although the home-improvement retailer warned that demand for seasonal products slowed toward the end of the quarter.