Today’s Market Winners and Losers
October 4, 2012 by 247sam
Stocks are up Thursday, with the Dow Jones Industrial Average up 0.64%, the Nasdaq up 0.24% and the S&P 500 up 0.64%. Today’s sole winner was a software platform company making headway on a lawsuit, while both of today’s losers tempered expectations for upcoming earnings.
These are Thursday’s market winner and losers.
Biggest Winner
Shares of Vringo, Inc. (NYSE MKT: VRNG) are up 13.72% to $4.89 on trading volume of 8.5 million shares. The software platform company’s legal battle with Google Inc. (NASDAQ: GOOG) will press ahead as a judge denied the request for a summary judgment. The 52-week high is $5.45.
Biggest Losers
Shares of NuVasive, Inc. (NASDAQ: NUVA) are down 34.56% to $14.80 on trading volume of 6.9 million shares. The medical device company said its preliminary revenue for the third quarter was $147 million, short of the $153.6 million in revenue Wall Street analysts polled by Reuters were expecting. The 52-week is low is $11.02.
Shares of Informatica Corporation (NASDAQ: INFA) are down 24.98% to $25.23 on trading volume of 9.8 million shares. The data integration company said its third quarter financials will show earnings of 25 cents a share to 27 cents a share, below analyst estimates of 34 cents a share. Before Thursday, the 52-week low was $27.23.
Samuel Weigley
Follow him on Twitter: SWeigley
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