The stock market is down Friday, with the Dow Jones Industrial Average down 0.70%, the Nasdaq down 0.64% and the S&P 500 down 0.52%. Today’s sole winner is a networking hardware firm that beat Wall Street expectations, while today’s loser is a semiconductor manufacturer that will post lower third-quarter revenue than previously expected.
This is Friday’s market winner and loser.
Biggest Winner
Shares of Riverbed Technology Inc. (NASDAQ: RVBD) are up 11.46% to $23.06 on trading volume of 5.5 million shares. The company posted a third-quarter profit of 28 cents a share, better than the 25 cents a share Wall Street analysts polled by Reuters expected. The 52-week high is $13.30.
Biggest Loser
Marvell Technology Group Ltd. (NASDAQ: MRVL) are down 11.83% to $7.79 on trading volume of 17.4 million. The company’s third quarter revenue will be between $765 million and $785 million, down from between $800 million and $850 million the company projected previously. Before Friday, the 52-week low was $8.67.
Samuel Weigley
Follow him on Twitter: SWeigley
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.