Today's Market Winners and Losers
The stock market is down Thursday, with the Dow Jones Industrial Average down 0.35%, the Nasdaq down 0.58% and the S&P 500 down 0.52%. The winners included a pharmaceutical company in correction and a food maker who beat Wall St. earnings expectations. Meanwhile, today's losers include a solar company selling stock and a retailer who missed earnings expectations.
These are Thursday's market winners and losers.
Shares of Questor Pharmaceuticals Inc. (NASDAQ: QCOR) are up 15.42% to $30.41 on trading volume of 9.7 million shares. Shares are in correction after Wednesday's large dropoff when insurer Aetna Inc. (NYSE: AET) decided to drop nearly all coverage of Questor's drug to help treat multiple sclerosis and nephrotic syndrome. The 52-week high is $58.91.
Shares of ConAgra Foods Inc. (NYSE: CAG) are up 8.01% to $27.70 on trading volume of 5.6 million shares. Excluding special items, the food maker earned 44 cents a share in the first-quarter, better than the 36 cents a share Wall St. analysts polled by Reuters expected. The company also raised its full-year profit outlook to between $2.03 to $2.06 a share, up from $1.95 to $1.99 a share. Before Thursday, the 52-week high was $27.34.
Shares of Ascent Solar Technology Inc. (NASDAQ: ASTI) are down 26.19% to $1.24 on trading volume of 3.1 million shares. The company announced it was selling nearly 9.2 million shares of common stock at $1.20 a share. The 52-week low is 36 cents.
Shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY) are down 8.53% to $62.92 on trading volume of 4.9 million shares. The retailer reported second-quarter earnings of 98 cents a share, below the $1.02 a share Wall St. expected. The 52-week low is $53.15.
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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: AET, ASTI, BBBY, CAG, QCOR