Investing

Today’s Market Winners and Losers

The stock market is up slightly Friday, with the Dow Jones Industrial Average up 0.07%, the Nasdaq up 0.03% and the S&P 500 up 0.01%. Friday’s only market winner beat second-quarter earnings, while one of our losers missed. Another company has seen its stock take…

By 247sam
Published August 17, 2012, 10:40am ET · 1 min read

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The stock market is up slightly Friday, with the Dow Jones Industrial Average up 0.07%, the Nasdaq up 0.03% and the S&P 500 up 0.01%. Friday’s only market winner beat second-quarter earnings, while one of our losers missed. Another company has seen its stock take a beating in the past week and was downgraded by a prominent investment bank.

Here are Friday’s market winner and losers.

Biggest Winner

Shares of ANN Inc. (NYSE: ANN) are up 17.41% to $33.04 on trading volume of 3.1 million shares. The parent company of retailer Ann Taylor earned 63 cents a share in the second quarter, while analysts polled by Reuters expected 51 cents a share. Before Friday, the 52-week high was $29.81.

Biggest Losers

Shares of Marvel Technology Group Ltd. (NASDAQ: MRVL) are down 15.16% to $10.42 on trading volume of 17 million shares. The company reported second quarter earnings per share of 24 cents in the second quarter, missing the 31 cents a share expected by analysts. The 52-week low is $10.27.

Shares of Groupon Inc. (NASDAQ: GRPN) are down 8% to $4.60 on trading volume of 13.9 million shares. Evercore Partners has cut its rating on the daily deals company to underweight and set a price target of $3. Before Friday, the 52-week low was $4.97.

Samuel Weigley

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Disclaimer: Investing in securities involves a risk of loss. Past performance is never a guarantee of future returns. Investing in foreign stock markets involves additional risks, such as the risk of currency fluctuations. Guides are provided by Fisher Investments. The publisher may be compensated when readers request a guide.
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