Today’s Market Winners and Losers
October 17, 2012 by 247sam
The stock market is mixed Wednesday, with the Dow Jones Industrial Average down 0.09%, the Nasdaq up 0.10% and the S&P 500 up 0.30%. Today’s market winners include a firm getting bought out and another setting up and initial public offering of one of its units. Meanwhile, today’s losers include a company that saw much lower earnings from the prior year and another that cut its full-year revenue outlook.
These are Wednesday’s market winners and losers.
Biggest Winners
Shares of Cymer Inc. (NASDAQ: CYMI) are up 56.39% to $74.80 on trading volume of 5.2 million shares. The company, which provides light sources for lithography, will be bought by ASML Holdings for approximately $2.5 billion in a cash-and-stock transaction. Before Wednesday, the 52-week high was $62.40.
Shares of Dean Foods Co. (NYSE: DF) are up 11.97% to $16.84 on trading volume of 3.7 million shares. The company has filed documents with the Securities and Exchange Commission to hold an IPO for its WhiteWave Foods unit. The 52-week high is $17.50.
Biggest Losers
Shares of Apollo Group Inc. (NASDAQ: APOL) are down 17.61% to $22.65 on trading volume of 5.4 million shares. The company reported earnings of 52 cents a share in the fourth quarter, down 49% from a year ago. The company is also shutting 115 University of Phoenix campuses. Before Wednesday, the 52-week low was $25.77.
Shares Fortinet Inc. (NASDAQ: FTNT) are down 17.18% to $20.54 on trading volume 7.6 million shares. The network security products maker cut its full-year revenue outlook from between $525 million and $530 million to between $524 million and $528 million. The 52-week low is 17.54.
Samuel Weigley
Follow him on Twitter: SWeigley
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.