Here are Friday’s biggest winners and losers.
Biggest Winners
Shares of Fusion-io, Inc. (NYSE: FIO) are up 28.50% to $27.01 on trading volume of 8.2 million shares. The memory technology company on Thursday reported fourth-quarter results of 9 cents a share, beating Wall Street estimates of 3 cents a share. The 52-week high is $41.74.
Shares of Janus Capital Group, Inc. (NYSE: JNS) are up 15.60% to $8.90 on trading volume of 5.9 million shares. Japan’s Dai-ichi Life insurance will purchase up to a 20% stake in the firm. The 52-week high is $9.70.
Shares of J.C. Penney Company, Inc. (NYSE: JCP) are up 8.19% to $23.91 on trading volume of 20.6 million shares. Despite the company reporting weak earnings and cutting its full-year outlook, shares rose after CEO Ron Johnson began sharing his vision for the retailer with analysts. The 52-week high is $43.18.
Biggest Losers
Shares of Ubiquiti Networks, Inc. (NASDAQ: UBNT) are down 39.51% to $9.08 on trading volume of 2.2 million shares. The company said the distribution fake wireless equipment was hurting sales at the company, with Reuters reporting that UBS Investment Research and Wedbush Securities Inc. downgraded the stock. Before Friday, the 52-week low was $9.37.
Shares of Yahoo! Inc. (NASDAQ: YHOO) are down 5.06% to $15.20 on trading volume of 22.6 million shares. A Securities and Exchange Commission filing by Yahoo on Thursday noted that CEO Marissa Meyer is considering strategic changes to the company, including not returning proceeds from the sale of Alibaba to shareholders. The 52-week low is $12.45.
Samuel Weigley
Top Gaining Stocks
Top Losing Stocks