Stocks are mixed Monday, with the Dow Jones Industrial Average down 0.23%, the Nasdaq up 0.15% and the S&P 500 down 0.05%. Today’s market winners include two buyouts and a company poised to benefit from the Apple-Samsung patent ruling. Meanwhile, the Food and Drug Administration put a hold on a drug, sending shares down of our biggest loser.
Here are Monday’s market winners and loser.
Biggest Winners
Shares of Hudson City Bancorp Inc. (NASDAQ: HCBK) are up 16.18% to $7.48 on trading volume of 20.9 million shares. M&T Bank Corp. (NYSE: MTB) is buying Hudson City for approximately $3.7 billion. The 52-week high is $7.62.
Shares of Hertz Global Holdings Inc. (NYSE: HTZ) are up 12.55% to $14.80 on trading volume of 15.3 million shares. The rental car company is buying competitor Dollar Thrifty Automotive Group Inc. (NYSE: DTG) for $2.6 billion in cash. The 52-week high is $16.64.
Shares of Nokia Corp. (NYSE: NOK) are up 7.47% to $3.31 on trading volume of 32.7 million shares. Investors believe that Nokia will benefit from Apple Inc.’s (NASDAQ: AAPL) patent victory over Samsung Electronics Co. Ltd. (005930.KS), which was announced Friday. The 52-week high is $7.38.
Biggest Loser
Shares of Idenix Pharmaceuticals Inc. (NASDAQ: IDIX) are down 6.11% to $5.64 on trading volume of 2.9 million shares. The Food and Drug Administration has put the company’s hepatitis C drug on hold, according to news reports. The 52-week low is $4.30.
Samuel Weigley
Follow him on Twitter: SWeigley
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