Today’s Market Winners and Losers
November 2, 2012 by 247samThe stock market is down Friday, with the Dow Jones Industrial Average down 0.39%, the Nasdaq down 0.24% and the S&P 500 down 0.17%. Today’s winners and losers were both traded in heavy volumes following the publication of third-quarter financial results.
These are Friday’s market winners and losers.
Biggest Winners
Shares of Dendreon Corp. (NASDAQ: DNDN) are up 28.81% to $4.96 on trading volume of 9.9 million shares. Although the biotechnology company reported an adjusted net loss of $0.33 a share in the third-quarter, it was better than the $0.83 a share projected by Wall St. analysts. The 52-week high is $17.04.
Shares of TripAdvisor Inc. (NASDAQ: TRIP) are up 20.10% to $35.32 on trading volume 5.1 million shares. The online travel website reported a third-quarter profit of $0.46 a share, better than the $0.42 a share projected by Wall St. analysts. The 52-week high is $47.81.
Biggest Loser
Shares of Glu Mobile Inc. (NASDAQ: GLUU) are down 17.18% to $2.70 on trading volume of 4.3 million shares. While the mobile game maker beat consensus expectations for the third-quarter, it forecast fourth-quarter revenue between $19.5 million and $20.5 million, well below the $26.6 million Wall St. previously forecast. The 52-week low is $2.55.
Samuel Weigley
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