Stocks are down slightly Wednesday, with the Dow Jones Industrial Average down 0.08%, the Nasdaq down 0.26% and the S&P 500 down 0.15%. Today’s biggest winners include a food company announcing an initial public offering of a spinoff and a electronics manufacturer that crushed revenue estimates in the second quarter. Meanwhile, today’s big loser is a popular travel website issuing weak guidance for the upcoming quarter due to macroeconomic fears.
Here are Wednesday’s market winners and loser(s).
Shares of Dean Foods Co. (NYSE: DF) are up 35.27% to $16.80 on trading volume of 9.8 million shares. The company has announced its intention for an initial public offering of its Whitewave unit, which could raise $300 million. The 52-week high is $17.25.
Shares of MEMC Electronic Materials Inc. (NYSE: WFR) are up 28.64% to $2.65 on trading volume of 9.6 million shares. The silicon wafer company reported second-quarter revenue of $808.4 million, way higher than analyst estimates of $496.4 million. The 52-week high is $7.26.
Shares of Priceline.com Inc. (NASDAQ: PCLN) are down 14.97% to $578.00 on trading volume of 2.6 million shares. The online travel site expects revenue of $1.58 billion and $1.67 billion in the third quarter, down from $1.8 billion analysts were expecting. The 52-week low is $411.26.