Stocks are up solidly Thursday after European Central Bank President Mario Draghi unequivocally vowed to preserve the euro. The Dow Jones is up 1.53%, the Nasdaq is up 1.32% and the S&P 500 is up 1.37%. Continuing through earnings season, our big winners were able to easily beat Wall St. earnings projections. Meanwhile, one of our losers struggled with low earnings and another had its revenue hit by a weak euro.
Here are Thursday’s market winners and losers.
Biggest Winners
Shares of MetroPCS (NYSE: PCS) are up 31.61% to $8.27 on trading volume of 5.3 million shares. The low-cost wireless carrier reported second-quarter earnings of 41 cents a share, beating analyst estimates of 22 cents a share. The 52-week high is $16.81.
Shares of Terex (NYSE: TEX) are up 25.30% to $17.68 on trading volume of 5.9 million shares. The manufacturer reported net income in the second quarter of 77 cents a share, easily beating estimates of 51 cents a share. The 52-week high is $26.77.
Biggest Losers
Shares of Zynga (NASDAQ: ZNGA) are down 39.94% to $3.05 on trading volume of 43.1 million shares. The company announced second-quarter earnings of 1 cent a share, below the 6 cents analysts were expecting. Before Thursday, the 52-week low was $4.45.
Shares of Interpublic Group of Companies (NYSE: IPG) is down 15.01% to $9.34 on trading volume of 8.5 million shares. While company’s second-quarter earnings topped estimates, the impact of foreign currencies dragged down revenue. The 52-week low is $6.73.
Samuel Weigley
Top Gaining Stocks
Top Losing Stocks