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
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.