Today's Market Winners and Losers
The stock market is up Wednesday, with Dow Jones Industrial Average up 0.29%, the Nasdaq up 0.05% and the S&P 500 up 0.15%. Today’s sole winner is an insurer that is boosting capital, while today’s losers are a drone maker that reported weak financials and a retailer that reported a weak outlook.
These are Wednesday’s market winner and losers.
Shares of MGIC Investment Corp. (NYSE: MTG) are up 11.42% to $5.95 on trading volume of 34 million shares. The company announced it would offer 135 million shares and a $350 million principal amount of convertible senior notes to boost capital. Before Wednesday, the 52-week high was $5.37.
Shares of AeroVironment Inc. (NASDAQ: AVAV) are down 13.97% to $18.66 on trading volume of 2.3 million shares. The drone maker posted a third-quarter profit of $0.17 a share, below the $0.37 a share Wall St. analysts were expecting. Before Wednesday, the 52-week low was $19.25.
Shares of American Eagle Outfitters Inc. (NYSE: AEO) are down 10.98% to $20.08 on trading volume of 7.5 million shares. The retailer dimmed its forecast for the first quarter, citing “macro-economic headwinds and unfavorable weather.” The 52-week low is $15.20.
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