Today's Market Winners and Losers
The stock market is up Monday, with the Dow Jones Industrial Average up 1.24%, the Nasdaq up 1.54% and the S&P 500 up 1.48%. Today's winners include a health care company getting bought out, an Internet company whose looking to divest assets and a food company reporting strong earnings. Meanwhile, today's sole loser is a food company that continues to get hit from having to restate two year's worth of financials.
These are Monday's market winners and loser.
Shares of BioMimetic Therapeutics Inc. (NASDAQ: BMTI) are up 67.71% to $6.96 on trading volume of 1.6 million shares. Wright Medical Group (NASDAQ: WMGI) has agreed to buy the company for up to $380 million in cash and stock, the companies announced Monday. Before Monday, the 52-week high was $4.83.
Shares of SINA Corportation (NASDAQ: SINA) are up 9.98% to $49.57 on trading volume of 4.3 million shares. News reports have surfaced that Alibaba Group is interested in buying a stake in the company's Weibo platform, which has been compared to Twitter. The 52-week high is $80.80.
Shares of Tyson Foods Inc. (NYSE: TSN) are up 8.95% to $18.39 on trading volume of 7 million shares. The company reported fourth-quarter earnings of 51 cents a share, better than the 44 cents a share Wall Street analysts expected. The 52-week high is $21.06.
Shares of Diamond Foods Inc. (NASDAQ: DMND) are down 10.77% to $13.50 on trading volume of 1.3 million shares. The company's shares have been hurt since mid-last week when the firm restated two years of financials that cut profits by about $56.5 million. Before Monday, the 52-week low was $14.50.
Filed under: 24/7 Wall St. Wire, Active Trader Tagged: BMTI, DMND, SINA, TSN, WMGI