The stock market is up Tuesday, with the Dow Jones Industrial Average up 0.84%, the Nasdaq up 1.38% and the S&P 500 up 0.90%. Today’s winners include a pharmaceutical company receiving approval for a sale of a cardio test, another pharmaceutical company selling a new drug and a market research company getting bought by a private equity firm. Today’s losers include an industrial manufacturing company eyeing a rival firm to buy and a drug company whose stock is in correction following a jump on Monday.
These are Tuesday’s market winners and losers.
Biggest Winners
Shares of BG Medicine, Inc. (NASDAQ: BGMD) are up 93.98% to $2.58 on trading volume of 3.3 million shares. The company received approval in Europe for commercial sales of its CardioSCORE diagnostic blood test. The 52-week high is $12.80.
Shares of Acura Pharmaceuticals Inc. (NASDAQ: ACUR) are up 54.69% to $3.79 on trading volume of 5.8 million shares. The company announced Monday it is now selling a decongestant with pseudoephedrine that is more difficult to use as an ingredient in methamphetamine. The 52-week high is $4.23.
Shares of TNS Inc. (NYSE: TNS) are up 43.13% to $20.84 on trading volume of 4.4 million shares. Private equity firm Siris Capital Group will buy the networking products manufacturer for $21 a share. The 52-week high is $22.84.
Biggest Losers
Shares of SPX Corporation (NYSE: SPW) are down 7.89% to $62.93 on trading volume of 2.6 million shares. The firm is in talks to buy rival Gardner Denver Inc. (NYSE: GDI), according to several news sources. The 52-week low is $56.31.
Shares of Infinity Pharmaceuticals, Inc. (NASDAQ: INFI) are down 8.04% to $25.15 on trading volume of 1.3 million shares. The stock is in correction after shares soared more than 20% Monday after the firm announced positive results from an early clincial trial of a blood cancer drug. The 52-week low is $5.50.
Samuel Weigley
Follow him on Twitter: SWeigley
100 Million Americans Are Missing This Crucial Retirement Tool
The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.
Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.
A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.
Click here to learn how to get a quote in just a few minutes.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
