Today's Market Winners and Losers
Monday’s stock market opened slightly lower Monday based on weak economic data in Asia, with the Dow Jones Industrial Average down 0.32%, Nasdaq down 0.21% and the S&P 500 down 0.20%. Today’s winners were both the result of buyouts, while a for-profit education firm took a hit by not receiving accredidation for its university.
Here are Monday’s biggest winners and losers.
Shares of FX Alliance (NYSE: FX) are up 39.68% to $21.93 on trading volume of 1.8 million shares. Thomson Reuters (NYSE: TRI) has agreed to purchase the currency trading platform firm for $625 million. Before Monday, the 52-week high was $18.72.
Shares of Amerigroup (NYSE: AGP) are up 37.86% to $88.70 on trading volume of 9.4 million shares. Health insurance giant WellPoint (NYSE: WLP) announced Monday it was buying the Medicaid coverage provider for $4.46 billion. Before Monday, the 52-week high of the stock was $75.18.
Shares of Bridgeport Education (NYSE: BPI) are down 18.88% to $17.44 based on trading volume of 2.7 million shares. The for-profit higher education firm was denied accredidation for its Ashford University by the Western Association of Schools and Colleges, and is in danger of having its accredidation revoked by the Higher Learning Commission. The 52-week low of the stock is $16.01.