Today's Market Winners and Losers
The stock market is up Wednesday, with the Dow Jones Industrial Average up 0.12%, the Nasdaq up 0.01% and the S&P 500 up 0.10%. Today's winners include a company whose CEO reassured investors about growth at a widely publicized conference, along with a coffee company beating Wall St. earnings estimates. Meanwhile, today's loser missed earnings estimates.
These are Wednesday's biggest winners and loser.
Shares of Facebook Inc. (NASDAQ: FB) are up 5.30% to $20.46 on trading volume of 41.1 million shares. At a conference hosted by technology blog TechCrunch, CEO Mark Zuckerberg assured investors that Facebook is on path to profit from the heavy shift toward mobile advertising. The 52-week high is $45.00.
Shares of Coffee Holding Co. Inc. (NASDAQ: JVA) are up 18.51% to $8.70 on trading volume of 1.8 million shares. The company reported earnings of 19 cents a share in the most recent quarter, better than the penny a share expected by analysts polled by Thomson Reuters. The 52-week high is $19.24.
Shares of Globecomm Systems Inc. (NASDAQ: GCOM) are down 16.32% to $11.13 on trading volume of 1.1 million shares. Excluding one-time charges, the company reported fourth-quarter earnings of 13 cents a share, below the 20 cents a share Wall Street analysts were expecting. The 52-week low is $9.44.
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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: FB, GCOM, JVA