Today’s Market Winners and Losers
January 17, 2013 by 247sam
The stock market is up Thursday, with the Dow Jones Industrial Average up 0.47%, the Nasdaq up 0.48% and the S&P 500 up 0.43%. Today’s winners include a shoe company getting purchased and a media conglomerate spinning off one of its divisions. Today’s only loser is a solar energy firm that announced unexpectedly it would likely post a loss for the fourth quarter.
These are Thursday’s market winners and loser.
Biggest Winners
Shares of K-Swiss Inc. (NASDAQ: KSWS) are up 48.12% to $4.72 on trading volume of 19.9 million shares. E. Land World Ltd, an apparel distributor based in South Korea, will buy the shoemaker for $4.75 a share. Before Thursday, the 52-week high was $4.59.
Shares of CBS Corp. (NYSE: CBS) are up 10.31% to $41.85 on trading volume of 11.8 million shares. The company announced it was converting its billboard advertising division into a real estate investment trust (REIT). Before Thursday, the 52-week high was $39.77.
Biggest Losers
Shares of Power-One Inc. (NASDAQ: PWER) are down 11.06% to $3.86 on trading volume of 1.7 million shares. The solar energy company predicts it will lose $12 million to $15 million in the fourth quarter, despite analysts prior predictions of a $11.2 million profit. The 52-week low is $3.51.
Follow Samuel on Twitter: SWeigley
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.