This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Monday's Winners & Losers: Wynn

Shares of Giant Industries (GI) were among the NYSE's losers Monday, falling 5% after Western Refining (WNR) cut the price it will pay in its acquisition of the company.

Western Refining will now pay $77 a share, down from an earlier offer of $83 a share. The company said the change was caused by a number of unexpected events, including recent refinery fires and increased insurance costs. The deal is expected to close in the first quarter.

Separately, Giant Industries reported third-quarter earnings of $44 million, or $3 a share. During the year-earlier period, the company earned $46.6 million, or $3.38 a share. The company plans to post its full results tomorrow before the bell. Shares of Giant were trading down $4.35 to $76.60, while shares of Western Refining added 15 cents to $25.87.

Wynn Resorts (WYNN - Get Report) rose 7% after they declared a special cash distribution of $6 a share. The distribution will be payable on Dec. 4 to shareholders of record on Nov. 23.

Separately, the company also said that Jack Binion will cede his day-to-day operational responsibilities at the Wynn Macau casino and will now serve as director and principal in the development team in the company's Macau operations. Shares recently changed hands at $87.66, up $5.47.

Shares of The Knot (KNOT) rose 8% after the wedding-planning Web site posted better-than-expected third-quarter results. The company earned $3.3 million, or 11 cents a share, on revenue of $18.5 million. Analysts polled by Thomson First Call expected earnings of 10 cents a share and revenue of $17.8 million. During the year-earlier quarter, The Knot earned $722,000, or 3 cents a share, on revenue of $13.1 million. The company said that results in the latest period were bolstered by the acquisition of Shares were trading up $1.81 to $23.94.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CRVL $32.34 0.65%
PFE $33.48 1.21%
XRM $14.01 4.40%
WYNN $64.89 2.16%
WR $38.53 0.97%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs