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Tuesday, June 09, 2009
Market Winners & Losers: General Motors, Jabil Circuit
By David O'Brien
FOXBusiness
The major indices closed mixed Tuesday, with the Dow falling 0.02%, the S&P rising 0.35% and the Nasdaq gaining 0.96%.
Here are Tuesday’s winner and losers:
Winners
General Motors Corp. (GMGMQ)
The government auto had another strong day, moving up 24%. Shares closed the session up 29 cents at $1.50.
LSI Corp. (LSI)
Shares of the semiconductor maker rose 10.7% on Tuesday, following sector trends. LSI last traded at $4.64, a gain of 45 cents.
AK Steel Holding Corp. (AKS)
Higher steel prices and an upgrade from a Goldman Sachs analyst boosted AKS 9.8% Tuesday. The stock finished at $19.10, a
gain of $1.70.
United States Steel Corp. (X)
Another steel company that won big on analyst upgrades and rising steel prices, United States Steel closed with a $2.76 gain
at $37.82.
Pall Corp. (PLL)
The filtration-supply corporation saw its shares rise 7.8% following Tuesday’s release of in-line earnings. PLL closed at
$28.95, a gain of $2.10.
Losers
Jabil Circuit Inc. (JBL)
A Credit Suisse downgrade dropped the electronics manufacturer 7.4% on Tuesday. JBL last traded at $7.72, a loss of 62 cents.
Masco Corp. (MAS)
A downgrade by UBS spoiled the session for the cabinet maker as shares lost 5.3%. MAS ended Tuesday at $10.18, a loss of 57
cents on the day.
VeriSign Inc. (VRSN)
VeriSign continued its slide, losing another 4.9% on Tuesday. VRSN fell 97 cents to $18.93 a share.
CIGNA Corp. (CI)
Another stock that continued Monday’s loss, CIGNA shares fell another 4% on Tuesday. CI closed down 86 cents at $20.41 a share.
Cooper Industries Inc. (CBE)
Investors weren’t pleased with the company’s proposed relocation to Ireland. The stock fell 3.8%, or $1.35, to close at $34.17.
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