Following are the day’s biggest winners and losers. Find out why shares of Apple (AAPL), Synchronoss (SNCR) and NYMEX (NMX) popped while Macy's (M) and Alcoa (AA) dropped.
POPS (stocks that jumped higher)
Apple (AAPL) popped 4%. Apple shares shrugged off last week's loss as the company reported its 1 millionth iPhone sale, one month ahead of schedule. – Guy Adami says he can’t embrace Apple at this level.
Synchronoss (SNCR) popped 6%. After tumbling 10% last week, the maker of "iPhone setup software" gained it all back today on positive iPhone sales numbers. – Pete Najarian likes this stock.
NYMEX (NMX) popped 5%. The New York Merc is perked up midday mysteriously. – Guy Adami says speculation suggests NYX might soon buy NMX.
Mylan Labs (MYL) popped 4%. Shareholders were upping their dosage of this generic drug maker, after Mylan gained tentative FDA approval to make an anti-seizure medication known as Topiramate. – Karen Finerman likes this pop.
Dendreon (DNDN) popped 5%. The biotech firm charged higher Monday amid the Bear Stearns Health Care conference. – Pete Najarian says there’s speculation in the market that one of Dendreon’s drugs may get the fast track from the FDA.