The stock market is mixed Wednesday, with the Dow Jones Industrial Average down 0.09%, the Nasdaq up 0.10% and the S&P 500 up 0.30%. Today’s market winners include a firm getting bought out and another setting up and initial public offering of one of its units. Meanwhile, today’s losers include a company that saw much lower earnings from the prior year and another that cut its full-year revenue outlook.
These are Wednesday’s market winners and losers.
Biggest Winners
Shares of Cymer Inc. (NASDAQ: CYMI) are up 56.39% to $74.80 on trading volume of 5.2 million shares. The company, which provides light sources for lithography, will be bought by ASML Holdings for approximately $2.5 billion in a cash-and-stock transaction. Before Wednesday, the 52-week high was $62.40.
Shares of Dean Foods Co. (NYSE: DF) are up 11.97% to $16.84 on trading volume of 3.7 million shares. The company has filed documents with the Securities and Exchange Commission to hold an IPO for its WhiteWave Foods unit. The 52-week high is $17.50.
Biggest Losers
Shares of Apollo Group Inc. (NASDAQ: APOL) are down 17.61% to $22.65 on trading volume of 5.4 million shares. The company reported earnings of 52 cents a share in the fourth quarter, down 49% from a year ago. The company is also shutting 115 University of Phoenix campuses. Before Wednesday, the 52-week low was $25.77.
Shares Fortinet Inc. (NASDAQ: FTNT) are down 17.18% to $20.54 on trading volume 7.6 million shares. The network security products maker cut its full-year revenue outlook from between $525 million and $530 million to between $524 million and $528 million. The 52-week low is 17.54.
Samuel Weigley
Follow him on Twitter: SWeigley
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