The stock market is down slightly Thursday, with the Dow Jones Industrial Average down 0.01%, the Nasdaq down 0.48% and the S&P 500 down 0.15%. Today’s winner will have some of its shares purchased by a rival hotelier, while today’s loser is issuing more common stock and warrants.
This is Thursday’s market winner and loser.
Bigger Winner
Shares of Orient-Express Hotels Ltd. (NYSE: OEH) are up 36.70% to $12.33 on trading volume of 3.1 million shares. Indian Hotels is offering $12.63 a share for shares of Orient-Express that are not currently owned, according to theflyonthewall.com. Before Thursday, the 52-week high was $11.10.
Biggest Loser
Shares of ManKind Corp. (NASDAQ: MNKD) are down 23.08% to $2.00 a share on trading volume of 17.6 million shares. The drug developer announced a public offering of stock and warrants at $2.00 a share. The 52-week low is $1.57.
Samuel Weigley
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