Pompano Beach, FL -- (SBWIRE) -- 10/12/2012 -- JPMorgan Chase & Co. (NYSE:JPM) fell 1.69% to $41.39 on over 32.67 million shares. The company has cut compensation per employee at its investment bank by 6.9% so far this year, roughly matching a decline of 7% in revenue for the business through the first nine months of the year.
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Forest Oil Corporation (NYSE:FST) added 0.23% to $8.85 on over 2.64 million shares. The company said it agreed to sell all its properties in south Louisiana for about $220 million, as the energy producer looks to continue selling assets to help repay its debt.
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Lexicon Pharmaceuticals, Inc. (NASDAQ:LXRX) soared 10.46% to $2.64 on a traded volume of 1.54 million shares. The company said it’s initiated a registrational, Phase III clinical trial of telotristat etiprate, an investigational new drug candidate for the treatment of carcinoid syndrome.
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Advanced Micro Devices, Inc. (NYSE:AMD) went down 10.78% to $2.86 on a traded volume of 57.63 million shares. Late Thursday, AMD warned of a revenue shortfall for the third quarter tied to “weaker-than-expected demand across all product lines.” As revised, the Sunnyvale, Calif.-based chip manufacturer now forecasts a revenue drop of about 10% from the second quarter, far steeper than what management had previously projected, and a lower gross margin.
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