Stocks opened slightly lower Friday after Chinese trade data yielded disappointing results. The Dow Jones Industrial Average is down 0.12%, the Nasdaq is down 0.21% and the S&P 500 is down 0.14%. Today’s winners include one company beating earnings expectations and another falling short. But the company that fell short had its CEO comfort analysts by outlining more changes to the retail strategy. The other winner involved a life insurance firm purchasing a stake in a capital group. Meanwhile, the biggest losers include a wireless equipment maker who had its rating cut by investment firms and an Internet giant who may not return cash proceeds from a sale to investors.
Here are Friday’s biggest winners and losers.
Shares of Fusion-io, Inc. (NYSE: FIO) are up 28.50% to $27.01 on trading volume of 8.2 million shares. The memory technology company on Thursday reported fourth-quarter results of 9 cents a share, beating Wall Street estimates of 3 cents a share. The 52-week high is $41.74.
Shares of Janus Capital Group, Inc. (NYSE: JNS) are up 15.60% to $8.90 on trading volume of 5.9 million shares. Japan’s Dai-ichi Life insurance will purchase up to a 20% stake in the firm. The 52-week high is $9.70.
Shares of J.C. Penney Company, Inc. (NYSE: JCP) are up 8.19% to $23.91 on trading volume of 20.6 million shares. Despite the company reporting weak earnings and cutting its full-year outlook, shares rose after CEO Ron Johnson began sharing his vision for the retailer with analysts. The 52-week high is $43.18.
Shares of Ubiquiti Networks, Inc. (NASDAQ: UBNT) are down 39.51% to $9.08 on trading volume of 2.2 million shares. The company said the distribution fake wireless equipment was hurting sales at the company, with Reuters reporting that UBS Investment Research and Wedbush Securities Inc. downgraded the stock. Before Friday, the 52-week low was $9.37.
Shares of Yahoo! Inc. (NASDAQ: YHOO) are down 5.06% to $15.20 on trading volume of 22.6 million shares. A Securities and Exchange Commission filing by Yahoo on Thursday noted that CEO Marissa Meyer is considering strategic changes to the company, including not returning proceeds from the sale of Alibaba to shareholders. The 52-week low is $12.45.