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•    Shares of Newell Rubbermaid Inc. (NYSE:NWL) gained almost 8.0% after it reported fourth quarter 2011 adjusted earnings per share of $0.40, surpassing the Zacks Consensus Estimate of $0.38 a share

•    The Procter & Gamble Co. (NYSE:PG) reported second quarter 2012 net earnings from continuing operations of $0.57 a share, failing to move past the Zacks Consensus Estimate by 47.22%

•    Eastman Chemical Company (NYSE:EMN) will be purchasing Solutia Inc (NYSE:SOA) in a cash and stock deal worth $4.38 billion. The company’s shares rose 7.0% and 41.1%, respectively

•    Shares of Infinity Pharmaceuticals, Inc. (NASDAQ:INFI) slumped almost 40% after it stopped a mid-stage trial of its pancreatic cancer drug

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Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
LAKE SHORE G LSG 0.77 +6.05%
SKECHERS USA SKX 38.53 +4.50%
QUESTCOR PHA QCOR 80.07 +2.47%
VIPSHOP HOLD VIPS 156.35 +1.82%
ENLINK MIDS ENLC 36.29 +1.60%