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Wednesday, September 30, 2009
Market Winners & Losers: Ameriprise Financial, Darden
By David O'Brien
FOXBusiness
The major indexes closed what was a great quarter on a down note, with the Dow falling 0.3% the S&P dropping 0.3% and the Nasdaq losing 0.1%.
Here are Wednesday’s winners and losers:
Winners
Ameriprise Financial Inc. (AMP)
The financial-services company gained 12.3% after it announced it was acquiring part of Columbia Management from Bank of America.
AMP shares last traded at $36.33, up $3.99 on the day.
Jabil Circuit Inc. (JBL)
The electronic-manufacturing services company added 9.2% after it announced quarterly results that exceeded analysts’ expectations.
JBL shares closed at $13.41, a gain of $1.13 on the day.
Nike Inc. (NKE)
The shoe manufacturer rose 7.7% after Tuesday’s earnings release. Nike shares finished the last session of the quarter at
$64.70, up $4.61 on the day.
Huntington Bancshares Inc. (HBAN)
An upgrade by Deutsche Bank pushed the financial-services company up 7.1%. HBAN shares finished Wednesday at $4.71, a gain
of 31 cents on the day.
Gannett Co Inc. (GCI)
The publisher continued its climb Wednesday adding 6.6%. GCI shares ended the session at $12.51, up 77 cents on the day.
Losers
Darden Restaurants Inc. (DRI)
Quarterly earnings dropped Olive Garden owner Darden by 5.6% on Wednesday. DRI shares closed at $34.13, a loss of $2.02 on
the day.
Convergys Corp. (CVG)
The computer-services company fell sharply at the open and ended the day 4.7% lower. CVG shares ended the session at $9.44,
a loss of 49 cents on the day.
MeadWestvaco Corp. (MWV)
The global-packaging company dropped 4.1%. MWV shares last traded at $22.31, down 95 cents on the day.
Genworth Financial Inc. (GNW)
The insurance company followed sector trends with shares ending down 3.9%. GNW closed at $11.95, a loss of 49 cents on the
day.
WellPoint Inc. (WLP)
A downgrade by BMO cost the health-benefits company 3.9%. WLP shares ended the last session of the quarter at $47.36, down
$1.92 on the day.
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