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.
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.
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.
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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: CBS, KSWS, PWER