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
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
