The stock market is down Wednesday, with the Dow Jones Industrial Average down 1.68%, the Nasdaq down 1.80% and the S&P 500 down 1.72%. Despite this, trading volume was light, with only one winner and one loser with high trading volume and a significant drop. Today’s winner will benefit from the world’s largest telecommunications firm building out its network, while today’s loser reported very weak earnings.
This is Wednesday’s market winner and loser.
Biggest Winner
Shares of Ciena Corp. (NASDAQ: CIEN) are up 9.43% to $14.42 on trading volume of 3.7 million shares. The company’s shares jumped following an announcement by AT&T, Inc. (NYSE: T) that it would spend $14 billion to upgrade its network. The 52-week high is $18.39.
Biggest Loser
Shares of James River Coal Co. (NASDAQ: JRCC) are down 19.57% to $3.78 on trading volume of 5.1 million shares. The company reported a third-quarter loss of $1.23 a share, worse than the $1.04 a share Wall St. analysts expected. The 52-week low is $1.68
Samuel Weigley
Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
