Wednesday's Winners & Losers: U.S. Airways

Tempe, Ariz.-based U.S. Airways (LCC Quote - Cramer on LCC - Stock Picks) was up 13% to $2.77 as oil prices fell to two-week lows. In addition, the company resumed labor talks with its pilots' union. Likewise, fellow airlines Northwest (NWA Quote - Cramer on NWA - Stock Picks) and Delta (DAL Quote - Cramer on DAL - Stock Picks) also gained Wednesday. Late Tuesday, pilots of both carriers tentatively agreed to the companies' proposed merger. Northwest was up 4.3% at $6.18, and Delta was up 2.3% at $5.38.

Huntington Bancshares(HBAN was Quote - Cramer on HBAN was - Stock Picks) stock climbed nearly 14% in early trading after Citigroup initiated coverage on the bank with a hold rating. The stock was recently up 6.2% to $6.13.

Washington Mutual(WM Quote - Cramer on WM - Stock Picks) was sliding 2.1% to $5.68 after analyst Richard Bove said the troubled bank could endure $36 billion in losses and still remain in business without raising capital. He pointed out that between the capital that the bank had raised and its reserves, it could weather an additional $19 billion in losses. He also trimmed his earnings forecast from a loss of $3.61 a share to a loss of $3.03 a share.

Dutch company Crucell (CRXL Quote - Cramer on CRXL - Stock Picks) traded up $1.80, or 11.6%, to $17.27, on Wednesday after the company and DSM Biologics announced they had signed a deal with California-based Avid BioServices, pre-approving Avid to supply materials to its new drug development technology. Peregrine Pharmaceuticals (PPHM Quote - Cramer on PPHM - Stock Picks), parent company of Avid, rose 3 cents, or 9.4%, to 35 cents.

Cleveland-based greeting card company American Greetings (AM Quote - Cramer on AM - Stock Picks), traded to new lows after reporting first-quarter earnings of $13.3 million, or 27 cents a share, vs. $30.1 million, or 54 cents a share, a year ago. Analysts polled by Thomson Reuters were looking for EPS of 61 cents. The stock was down 21% to $14.34.

« Previous Page

1 2

Next Page »