April couldn’t the fool the start of Q2 as the markets rebounded from early losses to finish the day up 1.7% on average.
Here are Wednesday’s winners and losers:
Winners
JDS Uniphase Corp. (JDSU)
JDSU named a new president to its Communications Test & Measurement division and shares gained on the news. The stock finished the day up 15.4%, or 50 cents, closing at $3.75 a share.
Huntington Bancshares Inc. (HBAN)
After reworking more than $600 million subprime cash from mortgage lender Franklin Credit Management,the stock moved up 15%. Shares ended the session at $1.91, up 25 cents on the day.
Wyndham Worldwide Corp. (WYN)
Whyndham Worldwide’s vacation exchange company RCI celebrated its 35th anniversary Wednesday and shares responded by jumping 13.1%, or 55 cents, to close at $4.75 a share.
Textron Inc. (TXT)
The conglomerate continued its move to the upside, gaining 12.4%, after reaffirming its full-year cash outlook. TXT closed at $6.45, up 71 cents on the day.
Sprint Nextel Corp. (S)
News that many consumers will be able to integrate their cable and internet with sprint phone service helped boost Sprint shares by 11.2%. The stock finished the day at $3.97, a gain of 40 cents.
Losers
Apollo Group Inc. (APOL)
A warning about a surge in bad debt expenses sent the stock plunging 15.2% on Wednesday. Shares ended the day at $66.46 a piece, down $11.87 on the day.
Celgene Corp. (CELG)
Shares of the biotech company fell 13.4% as it offered a disappointing earnings outlook. CELG closed at $38.47, a loss of $5.93 on the day.
Fidelity National Information Services Inc. (FIS)
Apparently the news that FIS was buying Metavante Technologies did not sit well investors. FIS shares lost 7.3%, or $1.32, on Wednesday to close at $16.88.
Moody’s Corp. (MCO)
The ratings agency got hit hard on Wednesday, with shares losing 6%, or $1.38, to close at $21.54 a piece.
Lennar Corp. (LEN)
The home builder continued its downward trend, falling another 5.3% on Wednesday. Shares ended the session at $7.11, a loss of 40 cents on the day.
Market Winners & Losers: SLM Corp., AIG
Market Winners & Losers: Dynegy, AIG
Walgreen profits decline 7%
