Following are the day’s biggest winners and losers. Find out why shares of Sprint and Data Domain popped while U.S. Steel and Mosaic dropped.
POPS (stocks that jumped higher)
Data Domain (DDUP) popped 3%. EMC increased its takeover bid by 11%, heating up the bidding war with NetApp. - I'm not a buyer here, reveals Karen Finerman.
Dendreon (DNDN) popped 4%. JPMorgan raised its price target on rival AMAG Pharmaceuticals. - Merriman now has a $50 price target on this stock, reminds Jon Najarian. Personally, I think it could be a takeover target.
Sprint Nextel (S) popped 3%. Auriga upgraded the carrier to ‘buy’ from ‘hold’ and increased their price target to $7 from $5.50. - Not a bad move, muses Karen Finerman.
DROPS (stocks that slid lower)
India's Sensex dropped 6%. India’s markets fell on concerns over an expansion of the deficit. - It's not a good thing, says Tim Seymour.