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CRL, DLB and MSO Biggest NYSE Percentage Losers : by Penny Stock Pick Alerts

Penny Stock Pick Alerts reports Charles River, Dolby, Martha as Biggest NYSE Percentage Losers .

 



(EMAILWIRE.COM, November 05, 2009 ) Dallas, TX - Charles River Laboratories (NYSE:CRL) was one of the most active losers in today`s trading session as it plunged over 8.17% to $34.07 on a volume of 2.97 million shares after the company yesterday reported its results for the third quarter of 2009. For the quarter, net sales were $297.5 million, a decline of 13.1% from $342.2 million in the third quarter of 2008, primarily driven by lower sales in the Preclinical Services segment. Foreign currency translation reduced net sales by 1.8%.

Dolby Laboratories, Inc. (NYSE:DLB) declined 5.12% to $41.92 on a volume of 2.39 million shares after the company announced yesterday that its Board of Directors has approved a stock repurchase program authorizing the Company to repurchase up to $250 million of its Class A Common Stock. The objective of the ongoing program is to offset dilution from the Company's equity compensation programs. Stock repurchases under this program may be made through open market transactions, negotiated purchases, or otherwise, at times and in such amounts as the Company considers appropriate.

Martha Stewart Living Omnimedia, Inc. (NYSE:MSO) decreased 9.09% to $4.80 on over 1.11 million shares as the company today announced its results for the third quarter ended September 30, 2009. The Company reported revenue for the third quarter of $49.8 million, as the recessionary environment continued to impact advertising revenue. Revenues were $49.8 million in the third quarter of 2009, compared to $66.5 million in the third quarter of 2008.


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