The stock market is up Tuesday, with the Dow Jones Industrial Average up 0.84%, the Nasdaq up 1.38% and the S&P 500 up 0.90%. Today’s winners include a pharmaceutical company receiving approval for a sale of a cardio test, another pharmaceutical company selling a new drug and a market research company getting bought by a private equity firm. Today’s losers include an industrial manufacturing company eyeing a rival firm to buy and a drug company whose stock is in correction following a jump on Monday.
These are Tuesday’s market winners and losers.
Biggest Winners
Shares of BG Medicine, Inc. (NASDAQ: BGMD) are up 93.98% to $2.58 on trading volume of 3.3 million shares. The company received approval in Europe for commercial sales of its CardioSCORE diagnostic blood test. The 52-week high is $12.80.
Shares of Acura Pharmaceuticals Inc. (NASDAQ: ACUR) are up 54.69% to $3.79 on trading volume of 5.8 million shares. The company announced Monday it is now selling a decongestant with pseudoephedrine that is more difficult to use as an ingredient in methamphetamine. The 52-week high is $4.23.
Shares of TNS Inc. (NYSE: TNS) are up 43.13% to $20.84 on trading volume of 4.4 million shares. Private equity firm Siris Capital Group will buy the networking products manufacturer for $21 a share. The 52-week high is $22.84.
Biggest Losers
Shares of SPX Corporation (NYSE: SPW) are down 7.89% to $62.93 on trading volume of 2.6 million shares. The firm is in talks to buy rival Gardner Denver Inc. (NYSE: GDI), according to several news sources. The 52-week low is $56.31.
Shares of Infinity Pharmaceuticals, Inc. (NASDAQ: INFI) are down 8.04% to $25.15 on trading volume of 1.3 million shares. The stock is in correction after shares soared more than 20% Monday after the firm announced positive results from an early clincial trial of a blood cancer drug. The 52-week low is $5.50.
Samuel Weigley
Follow him on Twitter: SWeigley
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.