Ivanhoe
Mines Ltd. (USA) (NYSE:IVN) slumped 12.95% to $25.42. Rio Tinto plc
announced that after the completion of the purchase of a total of 20 million
shares from Mr. Friedland and Citibank and the subscription for 33,783,784
shares from Ivanhoe Mines, Ltd. upon the exercise of USD300 million of its
Series B warrants, Rio Tinto will have increased its ownership by 7.4% and own
239,251,843 common shares of Ivanhoe representing 42.3% of Ivanhoe's
outstanding common shares.
Also, Desjardins
downgraded Ivanhoe Mines to Hold from Buy.
3M
Company (NYSE:MMM) added 0.01% to $84.20. Goldman Sachs
downgraded 3M from Buy to Neutral and lowers their price target form $98 to $93.
The
stock opened at $83.23 and is trading within the range of $83.23-$84.21. The
stock added more than 1% year-to-date.
Netflix,
Inc. (NASDAQ:NFLX) lost 2.66% to $184.77. Jefferies downgraded
Netflix from Buy to Hold, saying while the story is still compelling valuation
is full.
The
stock has average daily volume of 5.96 million shares.
Netflix,
Inc. is a subscription service streaming movies and television episodes over
the Internet and sending digital versatile discs (DVDs) by mail to more than 12
million subscribers.
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