These are Wednesday’s market winners and losers.
Biggest Winners
Shares of True Religion Apparel Inc. (NASDAQ: TRLG) are up 22.70% to $25.78 on trading volume of 4.4 million. Bloomberg News reports that the company has formed a special committee to explore “strategic alternatives,” including a sale. The 52-week high is $37.82.
Shares of Yum! Brands, Inc. (NYSE: YUM) are up 8.65% to $71.39 on trading volume of 9.5 million shares. The company reported third-quarter earnings of 99 cents a share, beating the 97 cents a share Wall S. analysts polled by Reuters expected. The 52-week high is $74.44.
Biggest Losers
Shares of OCZ Technology Group Inc. (NASDAQ: OCZ) are down 40.05% to $1.89 on trading volume of 13.7 million shares. The company said its net loss for the fourth-quarter will be “significant” and the firm asked for an extension with the Securities and Exchange Commission to file its under-review financials. Before Wednesday, the 52-week low was $3.00.
Shares of Glu Mobile Inc. (NASDAQ: GLUU) are down 14.59% to $2.81 on trading volume of 7.3 million shares. The game maker announced it would lose between $3.1 million and $4 million in the third quarter, excluding depreciation of approximately $600,000. The 52-week low is $2.54.
Samuel Weigley
Follow him on Twitter: SWeigley
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