The S&P 500's Biggest Movers on the Week
By
Jennifer Schonberger
September 28, 2009
|
September appears to finally be living up to its swoon-inducing reputation. The S&P 500 fell 2.2% last week, to 1,044.38, closing out three straight days of losses after a choppy start to the week.
Pops and drops
Here are the five biggest S&P 500 upticks and five biggest S&P 500 drops of last week (measured Friday close to Friday close):
Winners on the week:
|
Company
|
Percentage Gain on the Week
|
|
American International Group (NYSE: AIG)
|
12%
|
|
Red Hat (NYSE: RHT)
|
8%
|
|
MBIA (NYSE: MBI)
|
5%
|
|
Ford Motor (NYSE: F)
|
5%
|
|
Sara Lee (NYSE: SLE)
|
5%
|
Source: Capital IQ (a division of Standard & Poor's).
Losers on the week:
|
Company
|
Percentage Loss on the Week
|
|
Moody's (NYSE: MCO)
|
(20%)
|
|
KB Home
|
(16%)
|
|
Kimco Realty
|
(13%)
|
|
Eastman Kodak (NYSE: EK)
|
(13%)
|
|
D. R. Horton
|
(13%)
|
Source: Capital IQ (a division of Standard & Poor's).
A look at some of the movers
Shares of Sara Lee popped last week after the company known for its frozen desserts announced the sale of a portion of its body-care and European detergent business to Dutch consumer giant Unilever for $1.88 billion in cash. Sara Lee said it is also issuing a new $1 billion share repurchase program.
Ford said it would build an assembly plant in China, marking the car company's third factory in China. The move comes as Ford accelerates its efforts to compete in that country.
Controversy continues to swirl around Moody's after former employee Eric Kolchinsky accused the credit-rating agency of inflated debt ratings. The comments come after Moody's and other agencies supposedly instituted stricter policies in response to stamping overly optimistic ratings on debt securities, which were the centerpiece for the financial crisis.
Red Hat climbed last week after posting strong fiscal-second-quarter results that trumped analyst estimates. The seller of Linux operating systems to businesses said revenue increased 12% from the same quarter last year, while net income soared 37%.
Interested in the other stocks on this list? Visit The Motley Fool's free CAPS community for further research and opinions on these stocks!
Related Foolishness:
“Make Big Money With Options” Motley Fool CFO Ollen Douglass recently made over $100,000 buying options on 7 well known stocks. Now we’re committed to turning his small fortune into a massive one! And we want you to join us! Enter your email address to hear more:
Terms & Conditions
RSS Headlines
Fool UK