Despite unemployment numbers that have not been seen in more than 25 years, the major indices rallied for a fourth day in a row closing up 0.9% to finish the first week of trading in the second quarter.
Here are Friday’s winners and losers:
Winners:
Kimco Realty Corp. (KIM)
News that it plans to sell upwards of $70 million in common shares was able to outweigh the cuts in production it announced for the coming quarter. It closed at up 25.5% to $9.40, a gain of $1.91.
Principal Financial Group Inc. (PFG)
The insurer gained 19.9% as it looked to be on the receiving end of government cash. It closed at $10.53, up $1.75.
International Game Technology (IGT)
This stock moved up in the mixed sector, gaining 16.4% to end the week. IGT finished the session at $11.66, up $1.64.
Vornado Realty Trust (VNO)
Following sector trends, the REIT continues to rise from yearly lows, closing up 13.2%. It ended the week at $40.66, a gain of $4.75.
Host Hotels & Resorts Inc. (HST)
This is another stock bouncing off its yearly lows to start the second quarter. It gained 13.1% Friday. The REIT closed at $5.01, up 58 cents.
Losers:
Akamai Technologies Inc. (AKAM)
The computer service company dropped 6.9% after an analyst downgrade. It closed the week at $20.06, a loss of $1.49.
Tenet Healthcare Corp. (THC)
Talks with Columbia/HCA Healthcare were stalled, moving the stock toward its yearly lows. THC closed down 6.7% to $1.11, a loss of 8 cents.
Humana Inc. (HUM)
Possible overexposure to Medicare could cause massive problems for the insurer. It dropped sharply from its opening price. HUM last traded down 5.7% to $25.46, a loss of $1.54.
Bristol-Myers Squibb Co. (BMY)
This stock dropped 5.4% as buyout talks for the pharmaceutical company have ceased. BMY closed at $20.17, down $1.16.
Newmont Mining Corp. (NEM)
Reacting to lower commodity prices today, NEM fell 5.1% to end the week. It closed session at $43.89, down $2.35.
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