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Monday, November 02, 2009
Market Winners & Losers: Ford, Denbury Resources
By David O'Brien
FOXBusiness
The major indexes kicked off November with a volatile trading session that managed to end positive. The Dow closed up 0.8%, the S&P 0.7% added and the Nasdaq gained 0.2%.
Here are Monday’s winners and losers:
Winners
Ford Motor Co. (F)
The auto maker saw its shares leap 8.3% Monday after reporting a quarterly profit that topped $1 billion. Ford shares last
traded at $7.58, up 58 cents on the day.
Coventry Health Care Inc. (CVH)
The health-care company started the week in positive territory, with its stock gaining 5.4% Monday. CVH shares closed at $20.90,
a gain of $1.07.
Varian Medical Systems Inc. (VAR)
An upgrade by Soleil Securities boosted shares of the medical-equipment manufacturer by 5.4%. VAR shares ended the session
at $413.18, up $2.20 on the day.
Motorola Inc. (MOT)
An upgrade by Citigroup helped the mobile phone company’s stock rise 5.4%. Motorola shares finished Monday at $9.03, a gain
of 46 cents on the day.
BB&T Corp. (BBT)
An upgrade by Sandler O’Neill helped the regional bank’s stock gain 4.8%. BB&T shares last traded at $25.06, a gain of
$1.15 on the day.
Losers
Denbury Resources Inc. (DNR)
Denbury’s purchase of Encore Acquisition dropped the oil and natural gas exploration company’s stock by 10.3% Monday. DNR
shares closed at $13.09, down $1.51 on the day.
Dean Foods Co. (DF)
Future guidance dropped the food and beverage company by 8.5%. DF shares ended the session at $16.69, a loss of $1.54 on the
day.
Huntington Bancshares Inc. (HBAN)
The diversified financial services company saw its shares slide 5.3% to start the week. HBAN shares finished Monday at $3.61,
down 20 cents on the day.
E*Trade Financial Corp. (EFTC)
The online brokerage service provider continued its losing streak, as shares sank 4.8% Monday. ETFC shares last traded at
$1.39, a loss of 7 cents on the day.
Genworth Financial Inc. (GNW)
Another financial services company that felt the heat Monday, Genworth saw its shares drop 4.2%. GNW shares closed at $10.17,
down 45 cents on the day.
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