A last-second rally thrust the major indices into positive territory Friday, with the Dow closing up 1.15%, the S&P gaining 1.36% and the Nasdaq adding 1.29%.
Here are Friday’s winners and losers:
Winners
Genworth Financial Inc. (GNW)
The insurer’s announcement about its plans for an IPO of a stake in its Canadian mortgage unit pushed shares of GNW up 14.3% on Friday. GNW closed the day at $5.92, a gain of 74 cents.
Tenet Healthcare Corp. (THC)
Tenet shares got a 13.1% on Friday following the announcement of a joint venture with MED3000. THC shares gained 42 cents to end the week at $3.63.
Expedia Inc. (EXPE)
Expedia shares climbed 8.9%, or $1.42, to close at $17.31 as enthusiasm for the company’s new no-fee booking policies continued to resonate with investors.
CIT Group Inc. (CIT)
CIT moved up 31 cents, or 8.8% on Friday, with shares ending at $3.83. The stock was the biggest gainer on the S&P for the week, gaining 22%.
Union Pacific Corp. (UNP)
Shares in the railroad company chugged higher on Friday, gaining 8.1%. UNP last traded at $49.27, a gain of $3.71 a share.
Losers
General Motors Corp. (GM)
Word that the company will file for bankruptcy on Monday sent the stock tumbling for what could be the last time. GM shares fell 33 cents, or 33%, to end Friday at 75 cents.
Novell Inc. (NOVL)
The company’s mixed second-quarter results sent NOVL shares down 6.1%. The stock last traded at $4.16, a loss of 27 cents a share.
Cintas Corp. (CTAS)
Cintas’ lower fourth-quarter guidance cost the stock 5.4% on Friday. CTAS finished down $1.32 at $22.29.
Tyson Foods Inc. (TSN)
Tyson shares went cold on Friday, with the stock losing 56 cents to close at $13.32.
Gannett Co. Inc. (GCI)
The publisher closed a volatile week of trading on the down note, losing 3.8% on Friday. GCI ended the week at $4.77, a loss of 19 cents on the day.
