This is Wednesday’s market winner and loser.
Shares of Ciena Corp. (NASDAQ: CIEN) are up 9.43% to $14.42 on trading volume of 3.7 million shares. The company’s shares jumped following an announcement by AT&T, Inc. (NYSE: T) that it would spend $14 billion to upgrade its network. The 52-week high is $18.39.
Shares of James River Coal Co. (NASDAQ: JRCC) are down 19.57% to $3.78 on trading volume of 5.1 million shares. The company reported a third-quarter loss of $1.23 a share, worse than the $1.04 a share Wall St. analysts expected. The 52-week low is $1.68