The stock market is down Monday, with the Dow Jones Industrial Average down 0.08%, the Nasdaq down 0.27% and the S&P 500 down 0.21%. Today’s winners were both getting bought out. One of today’s losers is a pharmaceutical company which reported mixed results on a drug trial, while another loser had its shares downgraded by a big bank.
These are Monday’s market winners and losers.
Biggest Winners
Shares of IRIS International Inc. (NASDAQ: IRIS) are up 44.93% to $19.45 on trading volume of 1.4 million shares. Danaher Corp. (NYSE: DHR) said it would buy the medical firm for $355 million, or $19.50 a share. Before Monday, the 52-week high was $13.92.
Shares of Complete Genomics Inc. (NASDAQ: GNOM) are up 14.61% to $3.06 on trading volume of 3.9 million shares. Chinese firm BGI-Shenzhen is buying the company for $117.6 million, or $3.15 a share. The 52-week high is $7.73.
Biggest Losers
Shares of Threshold Pharmaceuticals Inc. (NASDAQ: THLD) are down 26.84% to $6.38 on trading volume of 6 million shares. The company reported mixed results following a clinical trial for its drug which treats pancreatic cancer. The 52-week low is $1.18.
Shares of Groupon Inc. (NASDAQ: GRPN) are down 6.07% to $4.95 on trading volume of 3.3 million shares. Investment bank Evercore Partners has added the daily deals company to its “Conviction Sell List,” according to flyonthewall.com. The 52-week low is $4.00.
Samuel Weigley
Follow him on Twitter: SWeigley
Is Your Money Earning the Best Possible Rate? (Sponsor)
Let’s face it: If your money is just sitting in a checking account, you’re losing value every single day. With most checking accounts offering little to no interest, the cash you worked so hard to save is gradually being eroded by inflation.
However, by moving that money into a high-yield savings account, you can put your cash to work, growing steadily with little to no effort on your part. In just a few clicks, you can set up a high-yield savings account and start earning interest immediately.
There are plenty of reputable banks and online platforms that offer competitive rates, and many of them come with zero fees and no minimum balance requirements. Click here to see if you’re earning the best possible rate on your money!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
