8 Radar Stocks: Diamond Foods Trying to Bottom, DirecTV Raising Rates and Europe Gets Downgraded

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Shares of Lions Gate Entertainment Corp. (NYSE:LGF) closed 1.26 percent lower on Friday, and continue to attract attention after the closing bell.  The company announced it will acquire Summit Entertainment for $412.5 million in cash and stock.  Shares of Walt Disney Co. (NYSE:DIS) are ticking slightly higher in late trading.

After closing more than 10 percent lower, shares of Diamond Foods Inc. (NASDAQ:DMND) are trying to find a bottom.  The company recently became a focus of a criminal probe from federal prosecutors in regards to accounting payments to walnut farmers.  Shares are edging slightly higher in late Friday trading.

Investor Insight: Global Factors Boost Gold and Silver Demand.

Despite Standard & Poor’s (NYSE:MHP) cutting ratings of nine European countries on Friday, shares of Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) are edging higher after the closing bell.

DirecTV (NASDAQ:DTV) shares are lower in extended trading after the company said it has started to notify its nearly 20 million subscribers that it will be increasing rates as of February 9.  Most packages will see price increases from $3 to $5.  Shares of Netflix Inc. (NASDAQ:NFLX) and Dish Network (NASDAQ:DISH) are climbing higher on the news.

Don’t Miss: Video Game Sales Clobbered.

To contact the reporter on this story: Eric McWhinnie at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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