Tuesday, February 19, 2013 – Here is today’s summary of U.S. stock market activities – Major Headlines, Biggest Losers, Biggest Gainers, Top Advances & Declines.
Stock Market Headlines
The Dow (DJIA) and S&P 500 reached new 5 year highs today, with the DJIA ending the day above 14,000. The last couple of trading days have seen the index oscillating around the 14,000 level. The S&P 500 ended at 1530.94, up 0.73%, while the Nasdaq climbed to end the day at 3213.59
At the NYSE, advancing stocks (2,068) outpaced decliners (945) by more than a 2:1 ratio. The Nasdaq had 1,663 advances versus 827 decliners.
China Mobile Games & Entertainment Group ADS (CMGE)’s stock was the highest gainer across the NYSE and Nasdaq today. The stock rose 38.55% to end the day at $4.78
- Elbit Imaging (EMITF), a company that is involved in the planning, development, and construction of shopping and entertainment facilities, was the next highest gainer across the NYSE and Nasdaq. The company announced today that it was negotiating a possible restructuring of its debt and planned to suspend paying any interest payments to debt holders. The stock jumped 37.34% ending the day at $3.20
- GMX Resources Inc. (GMXR)’s stock dropped -33.67 today, making it the biggest loser across the NYSE and Nasdaq. GMXR issued a press release today announcing its 2012 year-end reserves. It also provided an update on its Oil and Gas hedge portfolio.
- Shares of Digital Generation were the next biggest loser, declining -28.17% to close the day at $6.45. Investors fled the stock after DGIT reported that “a strategic review of options to sell itself failed to produce a buyer, and it will remain independent. The company also reported it lost money in its fiscal fourth quarter, pulled down by an impairment charge”.