Stocks face mixed results Wednesday. The Dow Jones Industrial Average is up 0.53%, the Nasdaq is down 0.50% and the S&P 500 is down 0.17%. Many companies just announced their second-quarter financials. Some shareholders reaped rewards, while others encountered disappointing losses. While 24/7 Wall St. couldn’t even come close to covering all the big volume winners and losers for Wednesday, we picked the three for each that really stood out.
Here are Wednesday’s market winners and losers.
Biggest Winners
Shares of Riverbed Technology (NASDAQ: RVBD) are up 26.60% to $18.42 on trading volume of 7.3 million shares. Riverbed’s second-quarter revenue of $199.9 million was 17% higher than a year earlier and beat Wall St. estimates. The 52-week high is $30.73.
Shares of Lumber Liquidators (NYSE: LL) are up 21.20% to $39.49 on trading volume of 1.5 million shares. Second quarter earnings of 43 cents a share beat analyst estimates by 15 cents, according to Capital IQ estimates. Before Wednesday, the 52-week high was $34.71.
Shares of Symantec (NASDAQ: SYMC) are up 14.31% to $15.06 on trading volume of 9 million shares. The company posted second-quarter earnings of 43 cents a share, above analyst estimates of 38 cents a share. Shares were also assisted from the CEO Enrique Salem stepping down, where chairman Steve Bennett will take over the top executive post. The 52-week high is $19.81.
Biggest Losers
Shares of RadioShack (NYSE: RSH) are down 25.97% to $2.70 on trading volume of 3.7 million shares. The company reported a second-quarter loss of $21 million and announced it was suspending its dividend. Before Wednesday, the 52-week low was $3.47.
Shares of Netflix (NASDAQ: NFLX) are down 21.38% to $63.20 on trading volume of 8.9 million shares. While quarterly sales and earnings beat Wall Street estimates, Netflix CEO Reed Hastings said in a letter to investors that meeting its goal of 7 million new users in 2012 would be “challenging.” The 52-week low is $60.70.
Shares of TripAdvisor (NASDAQ: TRIP) are down 17.67% to $35.79 on trading volume of 3.7 million shares. The online travel-based company reported second-quarter revenue of $197.1 million, below $203.6 million analysts polled by Bloomberg were expecting. The 52-week low is $23.99.
Samuel Weigley
Top Gaining Stocks
Top Losing Stocks