Here are Friday’s market winners and losers.
Biggest Winners
Shares of Mercadolibre, Inc. (NASDAQ: MELI) are up 23.62% to $82.23 on trading volume of 1.6 million shares. The e-commerce company reported second-quarter earnings of 57 cents a share, better than the 49 cents a share Wall Street analysts were expecting. The 52-week high is $104.50.
Shares of Knight Capital Group, Inc. (NYSE: KCG) are up 21.71% to $3.14 on trading volume of 37.1 million shares. After a trading glitch caused the company to lose a reported $440 million, news outlets report that the firm has secured a credit line to help it survive at least temporarily. The 52-week high is $14.00.
Biggest Losers
Shares of Zipcar, Inc. (NASDAQ: ZIP) are down 35% to $6.91 on trading volume of 2.7 million shares. The company cut its 2012 revenue forecast to between $272 million and $278 million, down from $290 million to $296 million. Before Friday, the 52-week low was $8.87.
Shares of Molycorp, Inc. (NYSE: MCP) are down 26.96% to $11.74 on trading volume of 8 million shares. The mining company lost 71 cents a share in the second quarter, as analysts were expecting it to earn 3 cents a share. Before Friday, the 52-week low was $14.35.
Samuel Weigley
Travel Cards Are Getting Too Good To Ignore (sponsored)
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.