Stocks climbed Thursday after the European Central Bank head Mario Draghi said the bank would consider buying government bonds in unlimited quantities to stabilize financial markets. Thursday’s winner beat earnings expectations, while the loser lowered its sales guidance.
Here is Thursday’s market winner and loser.
Biggest Winner
Shares of The Men’s Wearhouse, Inc. (NYSE: MW) are up 15.14% to $36.66 on trading volume of 1.6 million shares. The retailer earned $1.15 a share, beating analyst expectations of $1.12 a share. The 52-week high is $40.97.
Biggest Loser
Shares of OCZ Technology Group, Inc. (NASDAQ: OCZ) are down 22.58% to $4.15 on trading volume of 12.8 million shares. The company announced Thursday that second-quarter sales will be between $110 million and $120 million, below the $130 million and $140 million initially expected. The 52-week low is $4.14.
Samuel Weigley
Follow him on Twitter: SWeigley
Essential Tips for Investing: Sponsored
Afinancial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.