Shares of Esterline Technologies Corp. (NYSE: ESL), a manufacturing company serving aerospace and defense customers, surged in trading on Friday.
ESL shares rallied after the company reported its better-than-expected third-quarter earnings.
ESL shares rose to an intra-day high of $60 on Friday before finishing the day 12.96% higher at $59.80 on above average volume of 1.15 million. Year-to-date, ESL shares have gained 6.84%, underperforming the S&P 500.
Shares of Facebook Inc. (NASDAQ: FB), the social networking giant, tumbled in trading on Friday, touching an all-time low.
FB shares slipped after a number of brokerages lowered their price target on the stock, saying that the expirations of future lockups will weigh on the stock.
FB shares fell to an all-time low of $18.03 on Friday before finishing the day 5.40% lower at $18.06 on above average volume of 58.76 million. The stock is now down 52.48% since the company completed its May 2012 IPO.
Shares of Medivation Inc. (NASDAQ: MDVN), a biopharmaceutical company focused on the rapid development of small molecule drugs to treat serious diseases for which there are limited treatment options, rose sharply in trading on Friday.
MDVN shares surged after the company, along with Astellas Pharma Inc., announced that the FDA approved XTANDIÂ® capsules for the treatment of patients with metastatic castration-resistant prostate cancer, who have previously received docetaxel.
David Hung, MD, co-founder, President and CEO of Medivation, said that the approval marks a significant accomplishment for MDVN and the company is proud to be in a position to offer a new treatment.
MDVN shares rose to a 52-week high of $105 on Friday before finishing the day 7.64% higher at $104.86 on above average volume of 1.12 million. Year-to-date, MDVN shares have gained 127.14%, outperforming the S&P 500.
Shares of Limelight Networks Inc. (NASDAQ: LLNW), a provider of an integrated suite of services, including content delivery services, Web content management services, video content management services, Web acceleration services, mobility and monetization services, cloud storage services and related consulting services, fell sharply in trading on Friday.
LLNW shares fell to an intra-day low of $2.27 on Friday before finishing the day 7.97% lower at $2.31 on above average volume of 1.17 million. Year-to-date, the stock is down 21.96%, underperforming the S&P 500.
Shares of AuRico Gold Inc. (NYSE: AUQ), a Canada-based gold producer with a diversified portfolio of mines and projects in North America, surged in trading on Friday.
AUQ shares surged on Friday as gold prices settled near a 5-month high on Friday amid hopes of further monetary easing from the Federal Reserve.
AUQ shares rose to an intra-day high of $6.97 on Friday before finishing the day 7.94% higher at $6.93 on above average volume of 2.71 million. Year-to-date, AUQ shares have fallen more than 13%, underperforming the S&P 500.
Shares of Zumiez Inc. (NASDAQ: ZUMZ), a specialty retailer of action sports related apparel, footwear, equipment and accessories, tumbled in trading on Friday.
ZUMZ shares tumbled on Friday after the company reported weaker-than-expected second-quarter financial results. The companyâ€™s third-quarter earnings outlook also fell short of expectations.
ZUMZ shares fell to an intra-day low of $28.48 on Friday before paring some of the losses to finish the day 9.40% lower at $29.19 on above average volume of 914.42 million. Year-to-date, the stock has gained 5.15%, underperforming the S&P 500.