Here are Tuesday’s market winners and losers.
Biggest Winners
Shares of Accretive Health, Inc. (NYSE: AH) are up 34.77% to $13.49 on trading volume of 2.8 million shares. The company agreed to halt operations in Minnesota and pay a $2.5 million fine after the state’s attorney general alleged it employed overly aggressive collection tactics. The 52-week high is $31.24.
Shares of Cobalt International Energy, Inc. (NYSE: CIE) are up 17.64% to $28.41 on trading volume of 2.7 million shares. The oil explorer said a well in a reservoir offshore Angola had accumulated a large volume of hydrocarbons. The 52-week high is $36.51.
Biggest Losers
Shares of Dendreon Corp. (NASDAQ: DNDN) are down 21.93% to $4.83 on trading volume of 13.2 million shares. Second-quarter sales fell 2.5% from last year to $80 million. Before Tuesday, the 52-week low was $5.69.
Shares of Coach, Inc. (NYSE: COH) are down 16.09% to $50.83 on trading volume of 13.3 million shares. The 52-week low is $45.70. Sales totaled $1.16 billion in the fourth-quarter, missing analyst expectations of $1.2 billion. The 52-week low is $45.70
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.