The stock market is up slightly Friday, with the Dow Jones Industrial Average up 0.07%, the Nasdaq up 0.03% and the S&P 500 up 0.01%. Friday’s only market winner beat second-quarter earnings, while one of our losers missed. Another company has seen its stock take a beating in the past week and was downgraded by a prominent investment bank.
Here are Friday’s market winner and losers.
Biggest Winner
Shares of ANN Inc. (NYSE: ANN) are up 17.41% to $33.04 on trading volume of 3.1 million shares. The parent company of retailer Ann Taylor earned 63 cents a share in the second quarter, while analysts polled by Reuters expected 51 cents a share. Before Friday, the 52-week high was $29.81.
Biggest Losers
Shares of Marvel Technology Group Ltd. (NASDAQ: MRVL) are down 15.16% to $10.42 on trading volume of 17 million shares. The company reported second quarter earnings per share of 24 cents in the second quarter, missing the 31 cents a share expected by analysts. The 52-week low is $10.27.
Shares of Groupon Inc. (NASDAQ: GRPN) are down 8% to $4.60 on trading volume of 13.9 million shares. Evercore Partners has cut its rating on the daily deals company to underweight and set a price target of $3. Before Friday, the 52-week low was $4.97.
Samuel Weigley
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