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: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.