Today's Market Winners and Losers
Stocks are up slightly Monday ahead of a week of economic data, central bank talk and more earnings. The Dow Jones Industrial Average is up 0.34%, the Nasdaq is up 0.25% and the S&P 500 is up 0.33%. One of today’s winners is being bought out by one of today’s losers. Meanwhile, a deal with Honda helped boost another winner, while the other loser today could have been a victim of fraud.
Here are Monday’s market winners and losers.
Shares of Shaw Group, Inc. (NYSE: SHAW) are up 57.81% to $42.12 on trading volume of 14.9 million shares. Shaw announced it was being acquired by Chicago Bridge & Iron Company N.V. (NYSE: CBI) for $46 a share in cash and stock, or roughly $3 billion. Before Monday, the 52-week high was $32.49.
Shares of Clean Diesel Technologies, Inc. (NASDAQ: CDTI) are up 40.47% to $2.95 on trading volume of 1.6 million shares. The company announced Monday it is supplying catalysts for upcoming Honda Accords. The 52-week high is $5.80.
Shares of Suntech Power Holdings Co. Ltd. (NYSE: STP) are down 15.92% to $1.32 on trading volume of 1.4 million shares. The company said it may have been the victim of a fraud involving a $680 million guarantee in extended in 2010, according to Bloomberg. Before Monday, the 52-week low was $1.50.
Shares of Chicago Bridge & Iron Company N.V. (NYSE: CBI) are down 13.39% to $35.25 on trading volume of 5.8 million shares. As mentioned previously, the company is acquiring the Shaw Group, Inc. (NYSE: SHAW) for $46 a share, or approximately $3 billion. The 52-week low is $23.88.