Midday movers: Cisco, Facebook, Abercrombie

Stocks are lower as trading remains sluggish since the end of the US elections.

By MSN Money Partner Nov 14, 2012 2:11PM
Image, Dice on stock listings copyright Kate Kunz, CorbislogoInformation provided by Theflyonthewall.com

Cisco (CSCO) reported stronger-than-expected first quarter results and generally in-line second quarter earnings guidance, sparking an upgrade at Pacific Crest and a 6% rally in its shares.

Among the notable market gainers Wednesday was Abercrombie & Fitch (ANF), which surged over 27% after its better-than-expected quarterly results and full-year guidance prompted at least four upgrades of its stock. 

Also higher were shares of Facebook (FB), up 9% in spite of a massive IPO lock-up expiration that allowed employees and early investors in the company to sell their shares. 

Among the noteworthy losers were IAMGOLD (IAG), down 18% after reporting its quarterly results and revising its gold production guidance for its next fiscal year, and Stamps.com (STMP), down 11% after Craig-Hallum said the company's site experienced a number of outages in November due to IT issues. 
1Comment
Nov 14, 2012 4:29PM
avatar

"Stocks are lower as trading remains sluggish since the end of the US elections." 

 

Please sy it like it is, MSN.  Stocks took a major dive since Obamacare is being forced on businesses.  Another recession in inevitable. 

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