Wednesday, February 06, 2013 – Here is today’s summary of U.S. stock market activities – Major Headlines, Top Losers, Top Winners, Advances & Declines.
Stock Market Headlines
Stocks ended flat today with the Dow (DJIA) rising 0.05% and the Nasdaq and S&P 500 both essentially unchanged. There were no major economic, political or corporate news to move the markets today.
- Shares of Boise Cascade (Stock: BCC) were the highest gainer across the NYSE and Nasdaq. Today, the firm went public, selling 11.76 million common shares at a $21 IPO price.
- As reported by CBS: “riding a U.S. housing recovery and a booming stock market, Boise Cascade (BCC), a maker of plywood and other building materials, jumped 24 percent in its market debut making it the latest big first-day gain for an IPO”.
- Shutterfly (SFLY), a company that allows users to enhance, share and store their digital images, was the next highest gainer across the NYSE and Nasdaq. The firm’s stock price soared 20.27% today due to better than expected quarterly results. SFLY reported EPS of $1.40, which beat stock analysts’ $1.01 EPS forecast
- The stock price of Vocus, Inc. dropped -13.64%, making it the biggest loser across the NYSE and Nasdaq. The firm reported great earnings figures, but Wall Street was unimpressed and had expected more. Q4 revenue was $47.4 million (a 55% increase from the previous year) and the firm announced that its operating income continues to improve.
- Elan ADS (ELN) was the next biggest loser, declining -10.13% to close the day at $9.40. The firm announced that it was selling its rights to “the multiple-sclerosis drug Tysabri” to Biogen, Inc. Investors did not take kindly to the news and sent Elan’s shares tumbling.