Winners And Losers (So Far) From CES 2016

Several companies have emerged as big winners during the 2016 Consumer Electronics Show, while investors punished others.

Winners

Shares of Netflix, Inc. NFLX surged higher by more than 6 percent on Wednesday after the company's CEO, Reed Hastings, took center stage at CES and announced an expansion of its streaming video service to more than 130 new countries.

Facebook Inc FB's stock didn't see as large as a jump, but were higher by nearly 0.5 percent at $103.15. The company announced that its much anticipated Oculus Rift is now available for pre-order for $599 with shipping to begin in March.

Related Link: Why FANG Stocks Are In A Bubble

Neurometrix Inc NURO, a small-cap healthcare company that develops wearable medical technology, saw its stock initially surge higher by more than 25 percent before giving up most of the gains. The company announced it has received clearance from the U.S. Food and Drug Administration for an upgraded version of Quell that gives users the option to control their therapy through a mobile app.

Loser

Shares of Fitbit Inc FIT tumbled to a new 52-week low of $22.93 on Wednesday after declining nearly 20 percent on Tuesday.

However, several Wall Street research firms defended Fitbit's stock, including Barclays' Matthew McClintok and SunTrust Robinson Humphrey's Bob Peck.