Today’s Market Winners and Losers

February 19, 2013 by 247sam

The stock market is up Tuesday, with the Dow Jones Industrial Average up 0.30%, the Nasdaq up 0.23% and the S&P 500 up 0.38%. Today’s winners are all office-supply store chains that are trending upward due to merger talks. Today’s losers are a search engine company and an Internet service provider that reported lackluster fourth-quarter financials.

These are Tuesday’s market winners and losers.

Biggest Winners

Shares of OfficeMax Inc. (NYSE: OMX) are up 26.93% to $13.65 on trading volume of 5.8 million shares. Reports have surfaced that the company is in advanced merger talks with rival Office Depot Inc. (NYSE: ODP), and a deal could be announced as early as this week. Before Tuesday, the 52-week high was $26.70. In addition, shares of Office Depot are up 14.60% to $5.26 on trading volume of 31.5 million shares. Before Tuesday, the 52-week high was $4.87.

Shares of Staples Inc. (NASDAQ: SPLS) are up 13.44% to $14.69 on trading volume of 27.9 million shares. The company shares rose following the news that its rivals, OfficeMax and Office Depot, were engaged in advanced stage merger talks. The 52-week high is $16.93.

Biggest Losers

Shares of Yandex N.V. (NASDAQ: YNDX) are down 11.25% to $22.71 on trading volume of 4.2 million shares. The Russian Internet search engine firm’s fourth-quarter net income of about $89.4 million was below Wall St. estimates of about $98.3 million. The 52-week low is $16.65.

Shares of EarthLink Inc. (NASDAQ: ELNK) are down 10.97% to $6.17 on trading volume of 1.7 million shares. The Internet service provider essentially broke even in the fourth quarter, while Wall St. expected a profit of a penny a share. The 52-week low is $5.94.

Follow Samuel on Twitter: SWeigley

Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? 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 guide you through the financial decisions you’re making. 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.