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Tuesday, October 27, 2009
Market Winners & Losers: Cabot Oil & Gas, Wynn Resorts
By David O'Brien
FOXBusiness
The major indexes ended mixed after early economic data showed an increase in home sales but a drop in consumer confidence. The Dow closed up 0.1%, while the Nasdaq fell 1.2% and the S&P dropped 0.3%.
Here are Tuesday’s winners and losers:
Winners
Cabot Oil & Gas Corp. (COG)
A JPMorgan upgrade boosted the oil and gas company’s shares by 9.8%. COG shares last traded at $42.05, up $3.74 on the day.
Coventry Health Care Inc. (CVH)
The health-care company led the sector’s gains, adding 8.5% to its stock on Tuesday. CVH shares closed at $19.95, a gain of
$1.56 on the day.
Textron Inc. (TXT)
The defense conglomerate gained 7.1% after its quarterly earnings-per-share beat the Street’s expectations. Textron shares
ended the session at $19.67 up $1.31 on the day.
Lorillard Inc. (LO)
The cigarette manufacturer bounced back from Monday’s losses to close the trading session up 6%. Lorillard shares finished
Tuesday at $78.64, a gain of 4.42 on the day.
Bemis Co. Inc. (BMS)
The packing manufacturer added 4.9% after reporting upping its guidance. Bemis last traded at $27.00, up $1.25 on the day.
Losers
Wynn Resorts Ltd. (WYNN)
The casino development company saw its shares fall 11% after quarterly net revenue fell more than 30%. WYNN shares closed
at $56.13, a loss of $6.94 on the day.
AK Steel Holding Corp. (AKS)
The steel company plummeted 8.6%, dragging the sector into the red. AKS shares ended the session at $17.18, down $1.61 on
the day.
Limited Brands Inc. (LTD)
The retailer sank 8.1% on its downwardly-revised same-store sales projections. Limited shares finished Tuesday at $17.91,
a loss of $1.58 on the day.
United States Steel Inc. (X)
Another steel company trading lower Tuesday, United States Steel shares suffered a 7.8% loss. US Steel shares last traded
at $37.41, down $3.17 on the day.
MEMC Electronic Materials Corp. (WFR)
The silicon-wafer manufacturer continued its slide in the red, dropping another 7.1% on Tuesday. WFR shares closed at $12.62,
a loss of 97 cents on the day.
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