Today's Market Winners and Losers
The market is down based on Friday’s job report, which left the unemployment rate at 8.2% after the private sector added 80,000 in June. The Dow Jones Industrial Average is down 1.06%, the Nasdaq is down 1.13% and the S&P 500 is down 0.93%. Today’s market winner surged following an agreement to be bought out, while both market losers struggled with weak earnings forecasts.
Here are today’s winner and losers.
Shares of Lacrosse Footwear (NASDAQ: BOOT) surged 80.97% to $19.87 on trading volume of 1.3 million shares. The shoemaker announced it will be acquired by Japanese shoe retailer ABC-MART for $137 million in cash. Before Friday, the 52-week high was $14.39.
Shares of Informatica (NASDAQ: INFA) dropped 30.14% to $30.30 on trading volume of 10.1 million shares. The data-integration software firm announced it likely generated sales of $188 million to $190 million in the second-quarter, well short of the $217.4 million analysts predicted, according to a compilation by Bloomberg. Results will come out July 26. Before Friday, the 52-week low was $34.15.
Shares of Acme Packet (NASDAQ: PKT) dropped 14.20% to $15.79 on trading volume of 3.3 million shares. The company forecasts second-quarter earnings of 12 cents to 13 cents a share on revenue of $66 million to $68 million, well short of the 18 cents a share on revenue of $73.9 million analysts polled by Thomson Reuters predicted . Results will come out July 26. Before Friday, the 52-week low was $17.18.