Here are Wednesday’s market winners and losers.
Biggest Winners
Shares of Sunrise Senior Living Inc. (NYSE: SRZ) are up 59.01% to $14.20 on trading volume of 56 million shares. A real estate investment trust, Health Care REIT Inc. (NYSE: HCN), is buying the senior living center for about $1 billion in cash. Before Wednesday, the 52-week high was $9.00.
Shares of Williams Sonoma Inc. (NYSE: WSM) are up 10.38% to $42.20 on trading volume of 3.1 million shares. The retailer earned 43 cents a share, beating out analyst estimates of 41 cents a share, and the company raised its full-year outlook. Before Wednesday, the 52-week high was $40.76.
Biggest Losers
Shares of The Wet Seal Inc. (NASDAQ: WTSLA) are down 13.40% to $2.65 on trading volume of 2.7 million shares. While second-quarter profits were in line with analyst estimates, the women’s retailer said it would post a third-quarter loss of between 13 cents and 16 cents a share. The 52-week low is $2.42.
Shares of Express Inc. (NYSE: EXPR) are down 8.76% to $15.42 on trading volume of 2.4 million shares. The retailer cut its full-year earning estimate to between $1.69 a share and $1.79 a share, down from between $1.79 a share and $1.89 a share. The 52-week low is $15.34.
Samuel Weigley
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