Here are Thursday’s market winners and loser.
Biggest Winners
Shares of Pandora Media Inc. (NYSE: P) are up 19.15% to $12.01 on trading volume of 16 million shares. The company broke even in the second quarter, better than analyst expectations of a 3-cent-a-share loss. The 52-week high is $15.97.
Shares of Flagstone Reinsurance Holdings SA (NYSE: FSR) are up 18.27% to $8.35 on trading volume of 2.5 million shares. Valdius Holdings Ltd. is buying the company in a cash-and-stock transaction for nearly $600 million. The 52-week high is $9.53.
Biggest Loser
Shares of CIENA Corp. (NASDAQ: CIEN) are down 16.39% to $13.98 on trading volume of 12.8 million shares. The telecommunications equipment provider reported a loss of 4 cents a share in the third quarter, worse than the 2 cents a share in the quarter analysts were expecting. Revenue guidance for the fourth quarter was also lowered by the company. The 52-week low was $9.89.
Samuel Weigley
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