JOBY - Cornerstone Building top industrial gainer amid tough week as IAA takes #1 loser tag
Acquisitions, deal and earnings propelled the top five industrial gainers, in a tough week for stocks, while quarterly results were the major themes for the worst decliners. The S&P 500 finished the week ending Feb. 11 in the red amid rising Ukraine and Russia tensions. SPDR S&P 500 Trust ETF (NYSEARCA:SPY) closed -1.84% after being in the green for two weeks in a row. Nine out of 11 major S&P 500 sector indexes declined. Industrial Select Sector SPDR (NYSEARCA:XLI) -0.75% fell again after being in the green last week. Prior to that XLI had closed in the negative for three weeks in a row. The top five gainers in the industrial sector (stocks with a market cap of over $2B) all gained more than +12%. Cornerstone Building Brands (NYSE:CNR) +30.59% rose the most at the start of the week (Feb. 7 +13.70%) and gained more on Feb. 10 following a report that private equity firm Clayton, Dubilier & Rice
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Cornerstone Building top industrial gainer amid tough week as IAA takes #1 loser tag