Jan 7, 2013 – Stocks declined today as we head into earnings seasons. Looks like investors are taking a breather from last week’s gains when stocks reached highs not seen since December 2007. Earnings season kicks off tomorrow and Alcoa will be the first company to report revenue.
- ITT Educational Services (ESI): ITT’s stock was the biggest NYSE loser today, ending down -19.28%. ITT announced that it will be paying $46 million to settle a loan agreement litigation case that Sallie Mae had brought against it.
- Ferro Corp. (FOE) was the next biggest decliner on the NYSE. The stock, FOE, plunged -15.32%. Note, however, that the stock has risen a whopping 82.07% in just the last two months.
- Medical Action Industries (MDCI), a company that manufactures and supplies disposable medical products was the highest gaining stock on the Nasdaq today. The stock rose 25.73% to close at $4.74. In the last three months, MDCI stock had declined -22.70%