Stocks are up Monday over earnings beating estimates and easing concern in Europe. The Dow Jones Industrial Average is up 0.58%, the Nasdaq is up 0.76% and the S&P 500 is up 0.52%. Today’s market winners include a biotechnology company reporting a successful stem-cell treatment and a retailer whose founder may take the company private. Meanwhile, the only loser is still struggling from the fallout of last week’s trading glitch on the New York Stock Exchange.
Here are Monday’s market winners and loser(s).
Biggest Winners
Shares of Pluristem Therapeutics, Inc. (NASDAQ: PSTI) are up 18.43% to $3.92 on trading volume of 3.2 million shares. The biotech company reported Monday its placenta-derived stem-cell treatment assisted restoration of bone-marrow in a patient suffering from lymphoma. Before Monday, the 52-week high was $3.85.
Shares of Best Buy Co. Inc. (NYSE: BBY) are up 15.25% to $20.32 on trading volume of 23.2 million shares. Company founder Richard Schulze announced he would make a bid of $24 to $26 a share to take the company private. The 52-week high is $28.53.
Biggest Loser
Shares of Knight Capital Group, Inc. (NYSE: KCG) are down 23.46% to $3.10 on trading volume of 43.6 million shares. A group of investors purchased $400 million in prefered stock in the company to keep it afloat after the fallout from last week’s trading glitch on the New York Stock Exchange. The 52-week low is $2.27.
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.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.