Stocks are mixed in midday trading today as mixed data on the U.S. economy and news of a delay on Greece’s bailout give investors pause. Homebuilder sentiment rose this month, but U.S. industrial production was flat. Economists were expecting industrial production increase 0.7%. The Dow is getting hit hardest today as it drops 76 points. The Nasdaq is being propped up by tech stocks today and is up 3 points. Finally, the S&P 500 is down slightly at 2 points.
Cybex International, Inc. (NASDAQ:CYBI) is up 26.32% in afternoon trading at $1.92. CYBI has traded 541 thousand shares so far today, well above its daily average of 51 thousand shares. Cybex reported fourth quarter results earlier today. Net sales for the fourth quarter were $43.1 million, up $3 million from the same period a year ago. Cybex reported net income of $34.7 million, or $2.03 per diluted share. [Read more...]