Today's Market Winners and Losers
Oct 5th 2012 10:48AM
The stock market rose Friday following the release of the most recent jobs report showing unemployment fell to 7.8%. The Dow Jones Industrial Average is up 0.55%, the Nasdaq is up 0.60% and the S&P 500 is up 0.53%. Today's winner is a mining firm receiving favorable approval from the Mexican government on how it reports revenue, while today's loser is a well-known online gaming company that negatively altered its full-year financial outlook.
This are Friday's market winner and loser.
Shares of Primero Mining Corp. (NYSE: PPP) are up 34.07% to $7.24 on trading volume of 3.6 million shares. The miner announced Friday it had received a favorable ruling from Mexican tax officials regarding how the firm can report silver revenue. Before Friday, the 52-week high was $5.82.
Shares of Zynga Inc. (NASDAQ: ZNGA) are down 18.47% to 2.30 on trading volume of 65 million shares. The company cut its forecast for full year bookings to between 1.085 billion and $1.1 billion, down from earlier projections of 1.15 billion to $1.225 billion. Before Friday, the 52-week low was $2.66.
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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: PPP, ZNGA