Investing

Today's Market Winners and Losers

Photo by Spencer Platt/Getty Images
Stocks are up slightly Monday ahead of a week of economic data, central bank talk and more earnings. The Dow Jones Industrial Average is up 0.34%, the Nasdaq is up 0.25% and the S&P 500 is up 0.33%. One of today’s winners is being bought out by one of today’s losers. Meanwhile, a deal with Honda helped boost another winner, while the other loser today could have been a victim of fraud.

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

Find a Qualified Financial Advisor (Sponsor)

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.