Here are Monday’s market winners and losers.
Biggest Winners
Shares of Shaw Group, Inc. (NYSE: SHAW) are up 57.81% to $42.12 on trading volume of 14.9 million shares. Shaw announced it was being acquired by Chicago Bridge & Iron Company N.V. (NYSE: CBI) for $46 a share in cash and stock, or roughly $3 billion. Before Monday, the 52-week high was $32.49.
Shares of Clean Diesel Technologies, Inc. (NASDAQ: CDTI) are up 40.47% to $2.95 on trading volume of 1.6 million shares. The company announced Monday it is supplying catalysts for upcoming Honda Accords. The 52-week high is $5.80.
Biggest Losers
Shares of Suntech Power Holdings Co. Ltd. (NYSE: STP) are down 15.92% to $1.32 on trading volume of 1.4 million shares. The company said it may have been the victim of a fraud involving a $680 million guarantee in extended in 2010, according to Bloomberg. Before Monday, the 52-week low was $1.50.
Shares of Chicago Bridge & Iron Company N.V. (NYSE: CBI) are down 13.39% to $35.25 on trading volume of 5.8 million shares. As mentioned previously, the company is acquiring the Shaw Group, Inc. (NYSE: SHAW) for $46 a share, or approximately $3 billion. The 52-week low is $23.88.
Samuel Weigley
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.