Stocks Close Mixed Amid Fiscal-Cliff Jitters
Smith & Wesson (SWHC) swung to a profit of $21.1 million, or 31 cents a share, in the fiscal second quarter. The board of the gun maker approved $20 million in stock buybacks. Shares slipped 8.6%.
Amarin (AMRN) announced Thursday plans to raise $100 million in debt financing and the intention to hire 250 to 300 sales representatives, in a go-it-alone launch strategy for lipid-lowering prescription fish-oil pill Vascepa.
The announcement disappointed investors who were hoping for a marketing partnership. Shares plunged 18.9%.
McGraw-Hill (MHP) shares popped 4.2% after the company announced a special dividend of $2.50 a share on its common stock, payable on Dec. 27.
-- Written by Andrea Tse and Joe Deaux in New York.
>To contact the writer of this article, click here: Andrea Tse.