The stock market is up Monday, with the Dow Jones Industrial Average up 0.45%, the Nasdaq up 0.36% and the S&P 500 up 0.58%. Today’s market winners include both a coffee company and a software firm getting bought out, while today’s sole loser is a telecommunications firm getting bought out for more than originally thought by another firm who already owns a large portion.
These are Monday’s market winners and loser.
Biggest Winners
Shares of Caribou Coffee Company, Inc. (NASDAQ: CBOU) are up 29.87% to $16.00 on trading volume of 1.9 million shares. The investment group Joh. A Benckiser group plans to buy the company for $16 a share, or about $340 million. The 52-week high is $18.84.
Shares of Compuware Corporation (NASDAQ: CPWR) are up 13.12% to $10.78 on trading volume of 6.4 million shares. Elliot Management Corp. offered to buy the software company for $11 a share, or about $2.3 billion. Before Monday, the 52-week high was $10.25.
Biggest Loser
Shares of Clearwire Corporation (NASDAQ: CLWR) are down 12.73% to $2.94 on trading volume of 83.2 million shares. Sprint Nextel Corp. (NYSE: S) plans to purchase what it doesn’t already own of Clearwire for $2.97 a share. The 52-week low is 83 cents.
Samuel Weigley
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