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Thursday, June 18, 2009
Market Winners & Losers: J.M. Smucker, SanDisk
By David O'Brien
FOXBusiness
Try as they might, the major indices failed to end Thursday’s trading session with an across-the-board victory. The Dow gained 0.7%, the S&P added 0.8% and the Nasdaq lost 0.02% to end the day.
Here are Thursday’s winner and losers:
Winners
J.M. Smucker Co. (SJM)
Smucker’s made sweet gains Thursday as its fourth-quarter net income crushed analyst’s projections. SJM last traded at $47.86,
a gain of $4.22, or 9.7%.
Coventry Health Care Inc. (CVH)
CVH shares added 9.2% as the President’s health-care plan seemed to lose some footing on Capitol Hill Thursday. The stock
last traded at $18.30, a loss of $1.54 on the day.
CIGNA Corp. (CI)
Another health-care company that benefited from a stall in Obama’s health-care agenda, CIGNA saw its shares jump 8.3% on Thursday.
The stock moved up $1.82 to settle at $23.66.
Humana Inc. (HUM)
Humana mirrored the health-care sector, gaining $2.30, or 8.1%, to settle at $30.64.
KeyCorp. (KEY)
KeyCorp rebounded from an S&P downgrade and closed up 7.5%. The regional bank ended the session at $5.87, a gain of 41
cents.
Losers
SanDisk Corp. (SNDK)
A downgrade by Needham sent shares of SanDisk up 6.1% on Thursday. SNDK closed at $14.13, a loss of 92 cents.
Advanced Micro Devices Inc. (AMD)
Shares of the semiconductor manufacturer perpetuated their slide, falling 5.6% on Thursday. AMD last traded at $3.85, a loss
of 23 cents.
Macy’s Inc. (M)
Macy’s saw its stock sink 5.3% on Thursday, with shares ending the day at $10.63 – a loss of 60 cents on the day.
Harman International Industries Inc. (HAR)
A downgrade by Baird on revenue concerns dropped the auto-parts manufacturer 5.1% on Thursday. HAR ended at $18.27, a loss
of 98 cents.
Best Buy Co. Inc. (BBY)
The electronics retailer continued to slide, falling another 5% to close at $34.07 – a loss of $1.80.
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