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.
Biggest Winners
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.
Biggest Losers
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.
Samuel Weigley
Follow him on Twitter: SWeigley
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
