Today’s Market Winners and Losers
October 10, 2012 by 247sam
The stock market is down Wednesday, with The Dow Jones Industrial Average down 0.36%, the Nasdaq down 0.03% and the S&P 500 down 0.10%. Today’s winners include a designer jean company looking at a sale and a chain-restaurant company who beat earnings. Meanwhile, today’s losers include both a hardware manufacturer and a mobile game maker expected to report weak quarterly financials.
These are Wednesday’s market winners and losers.
Biggest Winners
Shares of True Religion Apparel Inc. (NASDAQ: TRLG) are up 22.70% to $25.78 on trading volume of 4.4 million. Bloomberg News reports that the company has formed a special committee to explore “strategic alternatives,” including a sale. The 52-week high is $37.82.
Shares of Yum! Brands, Inc. (NYSE: YUM) are up 8.65% to $71.39 on trading volume of 9.5 million shares. The company reported third-quarter earnings of 99 cents a share, beating the 97 cents a share Wall S. analysts polled by Reuters expected. The 52-week high is $74.44.
Biggest Losers
Shares of OCZ Technology Group Inc. (NASDAQ: OCZ) are down 40.05% to $1.89 on trading volume of 13.7 million shares. The company said its net loss for the fourth-quarter will be “significant” and the firm asked for an extension with the Securities and Exchange Commission to file its under-review financials. Before Wednesday, the 52-week low was $3.00.
Shares of Glu Mobile Inc. (NASDAQ: GLUU) are down 14.59% to $2.81 on trading volume of 7.3 million shares. The game maker announced it would lose between $3.1 million and $4 million in the third quarter, excluding depreciation of approximately $600,000. The 52-week low is $2.54.
Samuel Weigley
Follow him on Twitter: SWeigley
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.