Today’s Biggest Stock Market Winners and Losers

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Nokia Corp. (NYSE: NOK) continued a two-day surge, up another 9% today on rumors China-based PC firm Lenovo will buy it. Lenovo has said the rumor is “a joke.” Nokia continues to stumble in the smartphone market in which it has been hammered by Apple Inc. (NASDAQ: AAPL) and Samsung Electronics. A partnership with Microsoft Corp. (NASDAQ: MSFT) to put Windows mobile in Nokia phones has not helped. Nokia fell behind Samsung as the world’s largest handset company early this year.

Frontier Communications Corp. (NASDAQ: FTR) rose by as much as 11% as it beat Wall St. estimates by $0.02.

Silicon Image Inc. (NASDAQ: SIMG) rose 28% on new that it beat by $0.02 and revised forecasts upward.

China Cord Blood Corp. (NYSE: CO) rose 16% as it bought back 2.2 million shares.

Digital River Inc. (NASDAQ: DRIV) fell 25% on news that its forecasts for upcoming quarters was weaker than expected.

Suntech Power Holdings Co. (NYSE: STP) was down 16% as Wall St. raised concerns that firm cannot remain solvent just after it announced it had been the victim of a massive fraud.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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