Today's Market Winners and Losers
Stocks are down Thursday, with the Dow Jones Industrial Average down 0.73%, the Nasdaq down 0.93% and the S&P 500 down 0.77%. Today's winners include a buyout and a firm beating analyst earnings expectations, while today's only loser missed earnings expectations and lowered revenue guidance for the upcoming quarter.
Here are Thursday's market winners and loser.
Shares of Pandora Media Inc. (NYSE: P) are up 19.15% to $12.01 on trading volume of 16 million shares. The company broke even in the second quarter, better than analyst expectations of a 3-cent-a-share loss. The 52-week high is $15.97.
Shares of Flagstone Reinsurance Holdings SA (NYSE: FSR) are up 18.27% to $8.35 on trading volume of 2.5 million shares. Valdius Holdings Ltd. is buying the company in a cash-and-stock transaction for nearly $600 million. The 52-week high is $9.53.
Shares of CIENA Corp. (NASDAQ: CIEN) are down 16.39% to $13.98 on trading volume of 12.8 million shares. The telecommunications equipment provider reported a loss of 4 cents a share in the third quarter, worse than the 2 cents a share in the quarter analysts were expecting. Revenue guidance for the fourth quarter was also lowered by the company. The 52-week low was $9.89.
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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: CIEN, FSR, P