Here are Wednesday’s market winners and loser.
Biggest Winners
Shares of Abercrombie & Fitch Co. (NYSE: ANF) are up 10.42% to $35.70 on trading volume of 4.3 million shares. Despite disappointing second-quarter earnings, shares rose as the retailer announced it was increasing its share buyback program by 10 million shares. The 52-week high is $77.49.
Shares of JDS Uniphase Corp. (NASDAQ: JDSU) are up 9.83% to $11.73 on trading volume of 7.8 million shares. The optical networking company reported fourth-quarter earnings of 15 cents a share, beating analyst estimates of 12 cents a share. The 52-week high is $15.17.
Biggest Loser
Shares of Staples Inc. (NASDAQ: SPLS) are down 15.42% to $11.38 on trading volume of 29.5 million shares. The company reported earnings of 18 cents a share in the second quarter, with Wall St. expecting 22 cents a share. Staples also said sales would stay flat for the year, despite saying sales would grow in the low single-digits previously. Before Wednesday, the 52-week low was $12.10.
Samuel Weigley
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