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
Top Gaining Stocks
Top Losing Stocks