Here are Monday’s market winner and losers.
Biggest Winner
Shares of Coventry Health Care Inc. (NYSE: CVH) are up 18.72% to $41.48 on trading volume of 14.9 million shares. Aetna Inc. (NYSE: AET) will buy Coventry for 5.7 billion in cash and stock. Before Monday, the 52-week high was $36.04.
Biggest Losers
Shares of ZAGG Inc. (NASDAQ: ZAGG) are down 13.18% to 7.31 on trading volume of 2.1 million shares. The company chairman and CEO, Robert Pederson, announced he was stepping down without providing a reason, leading to concern about management transition difficulties. The 52-week low is $6.40.
Shares of Best Buy Co. Inc (NYSE: BBY) are down 7.25% to $18.80 on trading volume of 7 million shares. The retailer’s board has reached an impasse with founder Richard Schulze regarding his plans to take the company private. The 52-week low is $16.97.
Samuel Weigley
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Top Gaining Stocks
Top Losing Stocks