Today’s Market Winners and Losers
Photo by Spencer Platt/Getty ImagesThe stock market is up Monday, with the Dow Jones Industrial Average up 1.10%, the Nasdaq up 0.70% and the S&P 500 up 0.94%. Today’s winners include a company getting bought out and an insurer that…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
The stock market is up Monday, with the Dow Jones Industrial Average up 1.10%, the Nasdaq up 0.70% and the S&P 500 up 0.94%. Today’s winners include a company getting bought out and an insurer that had capital requirements relaxed. Today’s only loser was a pharmaceutical company that reported weak results for a drug study.
These are Monday’s market winners and loser.
Biggest Winners
Shares of Ceradyne Inc. (NASDAQ: CRDN) are up 42.90% to $34.91 on trading volume of 10.1 million shares. 3M Co. (NYSE: MMM) will buy the technical ceramics company for about $860 million, or $35 a share. The 52-week high is $36.61.
Shares of MGIC Investment Corp. (NYSE: MTG) are up 17.65% to $1.80 on trading volume of 7 million shares. Freddie Mac has lowered the capital requirements to write down mortgage insurance in certain states from $200 million to $100 million. The 52-week high is $5.15.
Biggest Loser
Shares of Threshold Pharmaceuticals Inc. (NASDAQ: THLD) are down 13.12% to $6.29 on trading volume of 2.3 million shares. The company reported less than desirable data on its drug TH-302 which will help treat pancreatic cancer. The 52-week low is $1.18.
-Samuel Weigley
Follow him on Twitter: SWeigley
Contact [email protected] for any questions or corrections.