Today's Market Winners and Losers

The stock market is down Thursday, with the Dow Jones Industrial Average down 0.23%, the Nasdaq down 0.18% and the S&P 500 down 0.16%. Today's winners include a pharmaceutical company that is getting bought out and a biotechnology company beating earnings expectations. Today's losers are both pharmaceutical companies - one reported poor results for a drug trial and another reported weak third-quarter earnings.

These are Thursday's market winners and losers.

Biggest Winners

Shares of DUSA Pharmaceuticals Inc. (NASDAQ: DUSA) are up 38.04% to $7.98 on trading volume of 4.4 million shares. Sun Pharmaceutical Inc. will buy the dermatology company for $230 million. Before Thursday, the 52-week high was $7.33.

Shares of InterMune Inc. (NASDAQ: ITMN) are up 15.32% to $9.41 on trading volume of 2.1 million shares. Although the biotechnology company lost 70 cents a share in the third quarter, it was better than the 90 cents a share that Wall St. analysts had estimated. The 52-week high is $21.90.

Biggest Losers

Shares of Catalyst Pharmaceutical Partners Inc. (NASDAQ: CPRX) are down 60.22% to 58 cents on trading volume of 5.5 million shares. The company announced that its clinical trial for a drug to help treat cocaine addiction failed to meet its goal. The 52-week low is 50 cents.

Shares of Savient Pharmaceuticals Inc. (NASDAQ: SVNT) are down 19.29% to $1.13 on trading volume of 1.5 million shares. The company reported a loss of 56 cents a share, worse than the 48 cents a share Wall St. had expected. The 52-week low is 48 cents.

Samuel Weigley

Follow him on Twitter: SWeigley

Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: CPRX, DUSA, ITMN, SVNT
Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.