These are Wednesday’s market winners and loser.
Biggest Winners
Shares of Sarepta Therapeutics, Inc. (NASDAQ: SRPT) are up 167.32% to $40.07 on trading volume of 15.6 million shares. The company on Wednesday reported strong data for its muscular dystrophy drug eteplirsen. Before Wednesday, the 52-week high was $17.12.
Shares of Ocwen Financial Corp. (NYSE: OCN) are up 17.44% to $34.01 on trading volume of 4.3 million shares. The Loan servicer will buy Homeward Residential Holdings from the private equity firm WL Ross & Co. for $750 million. Before Wednesday, the 52-week high was $29.13.
Biggest Loser
Shares of Leap Wireless International Inc. (NASDAQ: LEAP) are down 15.02% to $6.45 on trading volume of 10 million shares. The company has been downgraded to neutral from overweight by the equity research department at JP Morgan Chase & Co. (NYSE: JPM), with analysts concerned the deal between Deutsche Telekom and MetroPCS Communications Inc. (NYSE: PCS) could leave Leap at a strong disadvantage to build out stronger networks. The 52-week low is $4.28.
Samuel Weigley
Follow him on Twitter: SWeigley
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.