Today's Market Winners and Losers
The stock market is up Thursday, with the Dow Jones Industrial Average up 0.23%, the Nasdaq up 0.18% and the S&P 500 up 0.16%. Today's only winner went public Wednesday following a spinoff. Meanwhile, today's losers include a biotech company offering more common stock and a bank buying out another bank in an all-stock transaction.
These are Thursday's market winner and losers.
Shares of Sears Hometown & Outlet Stores (NASDAQ: SHOSR) are up 20.28% to $2.55 on trading volume of 2.1 million shares. Sears Holding Corp. (NASDAQ: SHLD) spun off its Hometown and Outlet Stores, with shares hitting the public market on Wednesday. ESL Investments Inc., run by Sears chairman Edward Lampert, likely will own a majority stake.
Shares of Pluristem Therapeutics, Inc. (NASDAQ: PSTI) are up 13.77% to $3.92 on trading volume of 5.8 million shares. The Israel-based company announced it was planning to raise about $32 million in a public offering of stock next week. The 52-week low is $1.98.
Shares of FirstMerit Corporation (NASDAQ: FMER) are down 11.66% to $15.16 on trading volume of 4.3 million shares. The company is buying Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) for about $950 million in an all-stock. The 52-week low is $9.98.
Follow him on Twitter: SWeigley
Filed under: 24/7 Wall St. Wire Tagged: CRBC, FMER, PSTI, SHLD, SHOSR