Stocks are up Tuesday, with the Dow Jones Industrial Average up 0.11%, the Nasdaq up 0.17% and the S&P 500 up 0.12%. Today’s winners include a company shedding core assets and another getting bought out by a rival firm. Meanwhile, today’s loser is selling a round of common stock at the end of the week.
Here are Tuesday’s market winners and loser.
Biggest Winners
Shares of SeaBright Holdings, Inc. (NYSE: SBX) are up 32.77% to $10.98 on trading volume of 3.9 million shares. The insurance company will be acquired by Enstar Group Limited (NASDAQ: ESGR) for $11.11 a share. Before Tuesday, the 52-week high was $9.55.
Shares of Lexmark International Inc. (NYSE: LXK) are up 17.20% to $22.28 on trading volume of 3.3 million shares. The company has announced it is looking to exit the inkjet printer business and plans to cut 1,700 jobs. The 52-week high is $38.34.
Biggest Loser
Shares of Catalyst Pharmaceutical Partners Inc. (NASDAQ: CPRX) are down 21.69% to $1.48 on trading volume of 3.2 million shares. The company is looking to raise an addition $6 million in a stock offering on Friday. The 52-week low is 50 cents.
Samuel Weigley
Follow him on Twitter: SWeigley
Top Gaining Stocks
Top Losing Stocks