The Biggest Winners And Losers You May Have Missed Wednesday
When was the last time you did some research on some of those, “off the beaten path” names?
Benzinga ran a screen of stocks with a market cap of at least $300 million that trade at least 200,000 shares on average. The below 10 stocks represent the biggest winners and losers from Wednesday that might be buying opportunities. Many may be new names to you. Not surprising, most of the moves were a result of earnings announcements—a favorite volatility play for traders.
Allied Nevada Gold (NYSE: ANV)- Like all gold miners, Allied Nevada Gold continues to show long-term weakness as gold fails to find solid footing. It was down more than 14 percent—another 52 week low.
First Solar . (NASDAQ: FSLR)- First Solar took most of the solar space down with it Wednesday after reporting an earnings miss. Stocks like SunPower (NASDAQ: SPWR) fell on the news, printing a nine percent drop.
Demandware (NYSE: DWRE)- Shares of technology company, Demandware fell nearly 10 percent after reporting earnings that disappointed Wall Street despite beating expectations. Management noted that the company exceeded the top end of their previous range sparking a raise in third-quarter guidance.
W&T Offshore (NYSE: WTI)- W&T Offshore finished the day nearly nine percent lower after reporting earnings that investors didn’t like. Interestingly, the company announced Wednesday morning that it would announce earnings Wednesday night. How’s that for notice?
Tornier N.V. (NASDAQ: TRNX)- Shares of Netherlands-based medical device company specializing in joint replacement solutions, Tornier, soared more than 22 percent Wednesday after the company reported earnings that pleased investors. The report was mixed but investors liked the 114 percent year over year growth reported in its lower-extremities division.
Finisar (NASDAQ: FNSR)- Technology company, Finisar was up more than 15 percent after pre-announcing that its fiscal first quarter would come in above both its own expectations and analyst consensus. Revenue is expected at $266 million versus consensus of $253.4 million.
Sapient (NASDAQ: SAPE)- Shares were up nearly 13 percent after the company reported strong second-quarter earnings Tuesday after the bell. Investors were happy with the solid revenue growth across the technology company’s three segments.
Disclosure: At the time of this writing, Tim Parker had no position in the companies mentioned.
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