Shares are down Wednesday, with the Dow Jones Industrial Average down 0.22%, the Nasdaq down 0.06% and the S&P 500 down 0.12%. Wednesday’s winners include a senior center getting bought by a real estate investment trust and a retailer beating earnings expectations. Meanwhile, the losers were retailers who both disappointed investors by cutting expectations for the future.
Here are Wednesday’s market winners and losers.
Biggest Winners
Shares of Sunrise Senior Living Inc. (NYSE: SRZ) are up 59.01% to $14.20 on trading volume of 56 million shares. A real estate investment trust, Health Care REIT Inc. (NYSE: HCN), is buying the senior living center for about $1 billion in cash. Before Wednesday, the 52-week high was $9.00.
Shares of Williams Sonoma Inc. (NYSE: WSM) are up 10.38% to $42.20 on trading volume of 3.1 million shares. The retailer earned 43 cents a share, beating out analyst estimates of 41 cents a share, and the company raised its full-year outlook. Before Wednesday, the 52-week high was $40.76.
Biggest Losers
Shares of The Wet Seal Inc. (NASDAQ: WTSLA) are down 13.40% to $2.65 on trading volume of 2.7 million shares. While second-quarter profits were in line with analyst estimates, the women’s retailer said it would post a third-quarter loss of between 13 cents and 16 cents a share. The 52-week low is $2.42.
Shares of Express Inc. (NYSE: EXPR) are down 8.76% to $15.42 on trading volume of 2.4 million shares. The retailer cut its full-year earning estimate to between $1.69 a share and $1.79 a share, down from between $1.79 a share and $1.89 a share. The 52-week low is $15.34.
Samuel Weigley
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