The stock market is down Monday, with the Dow Jones Industrial Average down 0.42%, the Nasdaq down 0.18% and the S&P 500 down 0.43%. Today’s winners include a pharmaceutical providing a positive update to one of its drug trials and a medical application manufacturer getting bought. Today’s only loser is a for-profit educator settling a case with Sallie Mae.
Here are Monday’s market winners and loser.
Biggest Winners
Shares of Peregrine Pharmaceuticals Inc. (NASDAQ: PPHM) are up 82.89% to $2.47 on trading volume of 29.0 million shares. The pharmaceutical company provided strong results of its review of a lung-cancer drug trial, as the company pointed out discrepancies were more limited than the company initially thought. The 52-week high is $5.50.
Shares of Epocrates Inc. (NASDAQ: EPOC) are up 21.58% to $11.70 on trading volume of 3.5 million shares. AthenaHealth, Inc. (NASDAQ: ATHN) will buy the firm for $11.75 per share, or about $292 million. The 52-week high is $11.97
Biggest Loser
Shares of ITT Educational Services Inc. (NYSE: ESI) are down 15.76% to $16.25 on trading volume of 3.2 million shares. The for-profit educator will pay Sallie Mae $46 million to settle litigation involving student loans. Before Monday, the 52-week low was $16.37.
Follow Samuel on Twitter: SWeigley
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
