Today's Market Winners and Losers
The stock market is down Wednesday, with the Dow Jones Industrial Average down 0.62%, the Nasdaq down 0.41% and the S&P 500 down 0.56%. Today's winners are a retailer reporting strong earnings, an energy firm selling off assets and a social-media giant rising despite the ending of a lockup period. Meanwhile, today's losers include a precious metals firm reporting quarterly earnings that missed expecations and an electronics maker issuing convertible bonds.
These are Wednesday's market winners and losers.
Shares of Abercrombie & Fitch Co. (NYSE: ANF) is up 28.26% to $39.99 on trading volume of 13.6 million shares. The teen retailer reported third-quarter earnings of 87 cents a share, better than the 59 cents a share Wall Street analysts were expecting. The 52-week high is $54.10
Shares of ZaZa Energy Corporation (NASDAQ: ZAZA) are up 11.04% to $2.01 on trading volumeof 1.6 million shares. The company's French unit, Zaza Energy France SAS, will be sold to Vermillion Energy for $85.8 million. The 52-week high is $5.49.
Shares of Facebook, Inc. (NASDAQ: FB) are up 9.06% to $21.66 on trading volume of 100.7 million shares. The stock rise comes despite the fact that a lockup period ended, freeing up 777 million shares. The 52-week high is $45.00.
Shares of IAMGOLD Corp. (NYSE: IAG) are down 17.43% to $12.27 on trading volume of 4 million shares. The company reported earnings of 16 cents a share, below the 25 cents a share Wall Street analysts had expected. The 52-week low is $9.20.
Shares of Sony Corporation (NYSE: SNE) are down 8.26% to $9.88 on trading volume of 5.7 million shares. The struggling company announced $1.9 billion worth of convertible bonds to finance an expansion. Before Wednesday, the 52-week low was $10.61.
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Filed under: 24/7 Wall St. Wire Tagged: ANF, FB, IAG, SNE, ZAZA