The stock market is mixed Monday, with the Dow Jones Industrial Average up 0.06%, the Nasdaq down 0.09% and the S&P 500 flat. Today’s big winner is a telecommunications firm benefiting from a buyout, while today’s loser is a pharmaceutical firm that is getting review by the U.S. government over one of its drugs.
This is Monday’s market winner and loser.
Biggest Winner
Shares of Clearwire Corp. (NASDAQ: CLWR) are up 21.98% to $2.83 on trading volume of 59.9 million shares. Softbank Corp. will buy an approximately 70% stake in Sprint Nextel Corp. (NYSE: S), which owns 48% of Clearwire. Before Monday, the 52-week high was $2.64.
Biggest Loser
Shares of Delcath Systems Inc. (NASDAQ: DCTH) are down 18.66% to $1.70 on trading volume of 2.3 million shares. The company said a drug to help treat liver cancer will receive a standard review by the Food and Drug Administration. The 52-week low is $1.40
Samuel Weigley
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