Thursday, Feb 26, 2013 – Here is today’s summary of U.S. stock market activities – Major Headlines, Biggest Stock Losers, Biggest Stock Gainers, Top Advances & Declines.
Stock Market Headlines
Rebounding from yesterday’s steep losses, stocks surged today and ended the day higher. The Dow (DJIA) was up 115.96 points, ending the day close to 14,000. In the last couple of weeks, the DJIA has oscillated around the 14,000 level. The S&P rose 0.61%, while the Nasdaq ended up 0.43%.
On the NYSE, advancing stocks (1,992) were almost double declining stocks (1,000). The Nasdaq had 985 decliners versus 1,472 advances.
- China Mobile Games and Entertainment Group Limited (CMGE)’s stock was the highest gainer across the NYSE and Nasdaq. The stock rose 65.34% to end the day at $9.59.
- CommonWealth REIT (CWH), a real estate investment trust, was the next biggest gainer based on reports that the firm will be purchased for $2.1 billion.
- Shares of First Security Group (FSGI) stock, dropped -24.37% today, making it the biggest loser across the NYSE and Nasdaq. FSGI management announced to the street that the firm will be undergoing a restructuring phase and was also entering into a “definitive stock purchase agreements with institutional investors as part of an ~$90 million recapitalization”.
- Shares of Vitamin Shoppe stock (VSI) were the next biggest loser, declining -18.63% to close the day at $51.44. The specialty retailer and direct marketer of vitamins today reported Q4 profits that missed Wall Street analysts’ forecast. VSI also announced that “a recent acquisition will hurt earnings this year”.