The broader stock market is up Friday on the announcement that gross domestic product grew 1.5% in the United States and optimism that the Federal Reserve will provide more stimulus. The Dow Jones Industrial Average is up 0.60%, the Nasdaq is up 0.91% and the S&P 500 is up 0.85%. Today’s big winners include a buyout and a firm beating Wall St. expectations in the second quarter, while not-as-hot earnings brought down our two losers.
Here are Friday’s market winners and losers.
Biggest Winners
Shares of AuthenTec Inc. (NASDAQ: AUTH) are up 62.37% to $8.23 on trading volume of 10.4 million shares. Apple Inc. (NASDAQ: AAPL) will buy the fingerprint-reading firm for $356 million, the companies announced. Before Friday, the 52-week high was $5.34.
Shares of Expedia Inc. (NASDAQ: EXPE) are up 24.96% to $57.12 on trading volume of 6.6 million shares. The travel company reported net income of 89 cents a share in the second quarter, beating Wall St. expectations of 71 cents a share. The 52-week high is $65.78.
Biggest Losers
Shares of Green Dot Corp. (NYSE: GDOT) are down 58.68% to $9.64 on trading volume of 8.1 million shares. The company reported net income of 35 cents a share, lower than Wall St. expectations of 38 cents a share. Before Friday, the 52-week low was $9.64.
Shares of Facebook Inc. (NASDAQ: FB) are down 14.55% to $22.94 on trading volume of 49 million shares. The company reported earnings Thursday in line with analyst expectations, but concerns over continuing growth and capitalizing on mobile web traffic lingers over the company. Before Friday, the 52-week low was $25.52.
Samuel Weigley
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