These are Monday’s market winners and losers.
Shares of Vringo Inc. (NYSEMKT: VRNG) are up 16.92% to $5.31 on trading volume of 6.8 million shares. The company has filed a lawsuit against ZTE Corp., accusing it of infringing on patents for handsets and other gear. The 52-week high is $5.55.
Shares of Netflix Inc. (NASDAQ: NFLX) are up 8.53% to $72.24 on trading volume 4.6 million shares. Morgan Stanley equity analysts announced Monday that they were setting an $85 price target for the company. The 52-week high is $133.43.
Shares of Green Dot Corp. (NYSE: GDOT) are down 18.75% to $10.44 on trading volume of 2.8 million shares. The prepaid card company will likely lose business as Wal-Mart Stores Inc. (NYSE: WMT), where the company gets the majority of its revenue, has announced it would boost sales of a competing product from American Express Co. (NYSE: AXP). The 52-week low is $9.05.
Shares of Affymetrix Inc. (NASDAQ: AFFX) are down 16.52% to $3.60 on trading volume of 3.8 million shares. The company said it expects third-quarter revenue of $80 million, down from the 84.6 million analysts polled by Reuters were expecting. The 52-week low is $3.52.
Follow him on Twitter: SWeigley
Sponsored: Tips for Investing
A financial 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.