The stock market is down Monday, with the Dow Jones Industrial Average down 0.57%, the Nasdaq down 0.09% and the S&P 500 down 0.47%. Today’s big movers were winners, however. The winners include a food company being taken private, a trading firm looking to sell off a major unit and a social-networking company receiving strong sales projection from a Wall Street analyst. Today’s only loser was a retailer who had its shares downgraded by Wall Street analysts.
These are Monday’s market winners and loser.
Biggest Winners
Shares of Zhongpin, Inc. (NASDAQ: HOGS) are up 15.24% to $12.52 on trading volume of 1.2 million shares. The food company will be taken private by Chairman and CEO Xianfu Zhu for $13.50 a share, or about $418 million. Before Monday, the 52-week high was $12.50.
Shares of Knight Capital Group, Inc. (NYSE: KCG) are up 9.63% to $2.73 on trading volume of 3.5 million shares. News reports have surfaced that the trading firm plans to sell its market-making operation. The 52-week high is $13.59.
Shares of Facebook, Inc. (NASDAQ: FB) are up 7.88% to $25.89 on trading volume of 57.6 million shares. Carlos Kirjner, an analyst with Sanford C. Bernstein, has projected that sales growth would grow to $6.98 billion in 2013 and $8.65 billion in 2014, better than investors and analysts were projecting. The 52-week high is $45.00.
Biggest Loser
Shares of Aeropostale Inc. (NYSE: ARO) are down 7.40% to $13.38 on trading volume of 1.7 million shares. The retailer’s stock was downgraded by analysts at Janney Montgomery Scott. The 52-week low is $11.76.
Samuel Weigley
Follow him on Twitter: SWeigley
Find a Qualified Financial Advisor (Sponsor)
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.