Here are Wednesday’s market winners and losers.
Biggest Winners
Shares of Riverbed Technology (NASDAQ: RVBD) are up 26.60% to $18.42 on trading volume of 7.3 million shares. Riverbed’s second-quarter revenue of $199.9 million was 17% higher than a year earlier and beat Wall St. estimates. The 52-week high is $30.73.
Shares of Lumber Liquidators (NYSE: LL) are up 21.20% to $39.49 on trading volume of 1.5 million shares. Second quarter earnings of 43 cents a share beat analyst estimates by 15 cents, according to Capital IQ estimates. Before Wednesday, the 52-week high was $34.71.
Shares of Symantec (NASDAQ: SYMC) are up 14.31% to $15.06 on trading volume of 9 million shares. The company posted second-quarter earnings of 43 cents a share, above analyst estimates of 38 cents a share. Shares were also assisted from the CEO Enrique Salem stepping down, where chairman Steve Bennett will take over the top executive post. The 52-week high is $19.81.
Biggest Losers
Shares of RadioShack (NYSE: RSH) are down 25.97% to $2.70 on trading volume of 3.7 million shares. The company reported a second-quarter loss of $21 million and announced it was suspending its dividend. Before Wednesday, the 52-week low was $3.47.
Shares of Netflix (NASDAQ: NFLX) are down 21.38% to $63.20 on trading volume of 8.9 million shares. While quarterly sales and earnings beat Wall Street estimates, Netflix CEO Reed Hastings said in a letter to investors that meeting its goal of 7 million new users in 2012 would be “challenging.” The 52-week low is $60.70.
Shares of TripAdvisor (NASDAQ: TRIP) are down 17.67% to $35.79 on trading volume of 3.7 million shares. The online travel-based company reported second-quarter revenue of $197.1 million, below $203.6 million analysts polled by Bloomberg were expecting. The 52-week low is $23.99.
Samuel Weigley
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