Today's Market Winners and Losers
Mar 4th 2013 10:34AM
The stock market is down Monday, with the Dow Jones Industrial Average down 0.35%, the Nasdaq down 0.20% and the S&P 500 down 0.20%. Today's winners include a materials manufacturer getting bought out and an insurer bolstering capital. Today's losers include a mattress retailer who will likely report weaker-than-expected financials for the first quarter and a mining firm buying out a rival.
These are Monday's market winners and losers.
Shares of Ferro Corp. (NYSE: FOE) are up 29.13% to $6.72 on trading volume of 7.4 million shares. Chemical firm A. Schulman, Inc. (NASDAQ: SHLM) has offered to buy the company for $563 million in cash and stock. Before Monday, the 52-week high was $6.39.
Shares of MGIC Investment Corp. (NYSE: MTG) are up 9.78% to $4.16 on trading volume of 10.1 million shares. The company announced it may bolster capital, indicating to investors that the company may take on more risk involving the housing market. The 52-week high is $5.15.
Shares of Select Comfort Corp. (NASDAQ: SCSS) are down 15.16% to $17.40 on trading volume of 2.7 million shares. The mattress retailer said its February sales were below internal targets, and the firm would likely miss its goals for the first quarter. Before Monday, the 52-week low was $19.00.
Shares of Hecla Mining Co. (NYSE: HL) are down 12.07% to $4.08 on trading volume of 3.7 million shares. The mining firm will buy Aurizon Mines Ltd. (NYSEMKT: AZK) for $774 million in order to gain control of a gold mine in Quebec. The 52-week low is $12.07.
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Filed under: 24/7 Wall St. Wire Tagged: AZK, FOE, HL, MTG, SCSS, SHLM