Today's Market Winners and Losers

Investing

Published: October 16, 2012 10:15 am

Last Updated: April 28, 2020 7:51 am

Stocks are up Tuesday, with the Dow Jones Industrial Average up 0.75%, the Nasdaq up 0.52% and the S&P 500 up 0.72%. Today’s winner is a media firm getting bought out, while today’s loser is a financial and insurance information firm that will miss revenue targets in the third quarter.

This is Tuesday’s market winner and loser.

Biggest Winner

Shares of New Frontier Media Inc. (NASDAQ: NOOF) are up 54.23% to $2.01 on trading volume of 2.2 million shares. The company will be bought by the broadcasting arm of Larry Flint’s L.F.P. Inc. for about $33 million. Before Tuesday, the 52-week high was $1.75.

Biggest Loser

Shares of Bankrate Inc. (NYSE: RATE) are down 26% to $10.73 on trading volume of 3.5 million shares. The company announced that third-quarter revenue would be between $115.5 million and $117.5 million, well below the $132.7 million that analysts polled by Reuters were expecting. Before Tuesday, the 52-week low was $13.93.

Samuel Weigley

Follow him on Twitter: SWeigley

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