The stock market is up Thursday, with the Dow Jones Industrial Average up 0.23%, the Nasdaq up 0.18% and the S&P 500 up 0.16%. Today’s only winner went public Wednesday following a spinoff. Meanwhile, today’s losers include a biotech company offering more common stock and a bank buying out another bank in an all-stock transaction.
These are Thursday’s market winner and losers.
Biggest Winner
Shares of Sears Hometown & Outlet Stores (NASDAQ: SHOSR) are up 20.28% to $2.55 on trading volume of 2.1 million shares. Sears Holding Corp. (NASDAQ: SHLD) spun off its Hometown and Outlet Stores, with shares hitting the public market on Wednesday. ESL Investments Inc., run by Sears chairman Edward Lampert, likely will own a majority stake.
Biggest Losers
Shares of Pluristem Therapeutics, Inc. (NASDAQ: PSTI) are up 13.77% to $3.92 on trading volume of 5.8 million shares. The Israel-based company announced it was planning to raise about $32 million in a public offering of stock next week. The 52-week low is $1.98.
Shares of FirstMerit Corporation (NASDAQ: FMER) are down 11.66% to $15.16 on trading volume of 4.3 million shares. The company is buying Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) for about $950 million in an all-stock. The 52-week low is $9.98.
Samuel Weigley
Follow him on Twitter: SWeigley
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.