Friday’s biggest gaining and declining stocks

Saba Software, Facebook, Zumiez, Gordmans Stores in spotlight

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By William Spain and David B. Wilkerson, MarketWatch

CHICAGO (MarketWatch) — Here are some of Friday’s biggest gaining and declining stocks in U.S. trade:

Gainers

A.M. Castle & Co. CAS +9.31%  rose 9.3% after the metal distributor approved a shareholder rights plan to fend off takeover attempts.

Esterline Technologies Corp. ESL +12.96%  shares rallied 13% after the maker of aerospace equipment issued an earnings outlook for the fourth quarter that surpassed most forecasts.

Saba Software Inc. SABA +17.79%  surged 18% on Friday and has advanced nearly 23% in the last week, on speculation that the company could be an acquisition target following news earlier this week that IBM Corp. IBM +0.77%  plans to buy Saba rival Kenexa Corp.KNXA 0.00%  for $1.3 billion. Saba makes software used in human resources management.

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Splunk Inc. SPLK +12.79%  shares rose 13%. The company reported on Thursday that its fiscal second-quarter loss widened, but the data-analysis software firm boosted its full-year revenue guidance and topped its revenue predictions for the latest period.

Thompson Creek Metals Co. TC +12.35%  CA:TCM +12.55%  rallied 12% after Dahlman Rose lifted its rating on the stock to buy from hold.

Decliners

Ampal-American Israel Corp. AMPL -17.11%  shares fell 17% following a 26% skid on Thursday. Late Wednesday, Ampal filed a voluntary petition for Chapter 11 reorganization in U.S. Bankruptcy Court for the Southern District of New York. Ampal is an investment company that acquires interests primarily in businesses located in or related to Israel.

Facebook Inc. FB -5.40%  shares dropped 5.4% after Bank of America Merrill Lynch slashed its price target on the social network to $23 from $35. Read more about Facebook’s shares.

Gordmans Stores Inc. GMAN -14.95%  shares fell 15% after the apparel and home-fashions retailer reported weaker-than-expected second-quarter revenue and offered a tepid third-quarter forecast.

Zumiez Inc. ZUMZ -9.40%  shares fell 9.4%. Late Thursday, the teen retailer said its fiscal second-quarter earnings slipped 19% as expenses increased and the firm also reported August same-store sales growth below analyst expectations. 

William Spain is a MarketWatch staff writer in Chicago.David B. Wilkerson is a reporter for MarketWatch in Chicago.