The stock market is down Tuesday, with the Dow Jones Industrial Average down 0.60%, the Nasdaq down 0.44% and the S&P 500 down 0.56%. Today’s winners both include mergers, while today’s loser sank due to a major competitor securing an exclusive licensing deal.
Here are Tuesday’s market winners and loser.
Shares of Medicis Pharmaceutical Corp. (NYSE: MRX) are up 37.90% to $43.52 on trading volume of 19.4 million shares. Valeant Pharmaceuticals International Inc. (NYSE: VRX) has agreed to buy Medicis for $2.6 billion. Before Tuesday, the 52-week high was $40.10.
Shares of Heckmann Corp. (NYSE: HEK) are up 20.45% to $3.24 on trading volume of 5.7 million shares. The company announced its intentions to buy Power Fuels for $380.5 million in cash, debt and stock. The 52-week high is $7.05.
Shares of Netflix Inc. (NASDAQ: NFLX) are down 10.92% to $53.20 on trading volume of 4.1 million shares. Rival Amazon.com Inc. (NASDAQ: AMZN) has signed a content deal to add EPIX movies to Prime streaming. The 52-week low is $52.81.
Follow him on Twitter: SWeigley