Investing

Today's Market Winners and Losers

The stock market is up Tuesday, with the Dow Jones Industrial Average up 0.25%, the Nasdaq up 0.28% and the S&P 500 up 0.26%. Today’s market winners both reported strong quarterly results, sending shares up. Meanwhile, today’s losers include one company who reported underperforming second-quarter results while another loser is losing ground in the mobile phone market.

Here are Tuesday’s market winners and losers.

Biggest Winners

Shares of Michael Kors Holdings Ltd. (NYSE: KORS) are up 13.01% to $47.86 on trading volume of 9.2 million shares. The company reported first quarter earnings of 34 cents a share, better than the 20 cents a share analysts were expecting. The 52-week high is $50.69.

Shares of Velti Plc (NASDAQ: VELT) are up 13.01% to $7.96 on trading volume of 3 million shares. Revenue for the mobile technology company rose 71% year-over-year, and the company raised its full-year revenue outlook to $285 million to $296 million. The 52-week high is $14.65.

Biggest Losers

Shares Groupon, Inc. (NASDAQ: GRPN) are up 23.18% to $5.80 on trading volume of 27.3 million shares. The company reported second-quarter revenue of $568.3 million, below the $575.3 million analysts polled by Bloomberg expected. Before Tuesday, the 52-week low was $6.35

Shares of Nokia Corporation (NYSE: NOK) are down 6.13% to $2.45 on trading volume of  28.6 million shares. Market share for Nokia was 19.9% in the second-quarter, according to research firm Gartner, down from 22.8% in the year-ago period.  The 52-week low is $1.63.

Samuel Weigley 

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.