Today's Market Winners and Losers
The stock market is down Monday, with the Dow Jones Industrial Average down 0.57%, the Nasdaq down 0.09% and the S&P 500 down 0.47%. Today's big movers were winners, however. The winners include a food company being taken private, a trading firm looking to sell off a major unit and a social-networking company receiving strong sales projection from a Wall Street analyst. Today's only loser was a retailer who had its shares downgraded by Wall Street analysts.
These are Monday's market winners and loser.
Shares of Zhongpin, Inc. (NASDAQ: HOGS) are up 15.24% to $12.52 on trading volume of 1.2 million shares. The food company will be taken private by Chairman and CEO Xianfu Zhu for $13.50 a share, or about $418 million. Before Monday, the 52-week high was $12.50.
Shares of Knight Capital Group, Inc. (NYSE: KCG) are up 9.63% to $2.73 on trading volume of 3.5 million shares. News reports have surfaced that the trading firm plans to sell its market-making operation. The 52-week high is $13.59.
Shares of Facebook, Inc. (NASDAQ: FB) are up 7.88% to $25.89 on trading volume of 57.6 million shares. Carlos Kirjner, an analyst with Sanford C. Bernstein, has projected that sales growth would grow to $6.98 billion in 2013 and $8.65 billion in 2014, better than investors and analysts were projecting. The 52-week high is $45.00.
Shares of Aeropostale Inc. (NYSE: ARO) are down 7.40% to $13.38 on trading volume of 1.7 million shares. The retailer's stock was downgraded by analysts at Janney Montgomery Scott. The 52-week low is $11.76.
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Filed under: 24/7 Wall St. Wire Tagged: ARO, FB, HOGS, KCG