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 

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

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