Bookmark and Share

Major Movers on January 24; NFLX, AAPL, BPOP, DBD, INVN

Shares of Netflix Inc. (NASDAQ: NFLX), a Los Gatos, California-based company providing Internet subscription service streaming television shows and movies, saw a huge rally in trading on Thursday after the company reported its fourth-quarter financial results.

NFLX shares surged as the company reported a surprise profit in its fourth quarter. The stock rose to a 52-week high of $149.17 on Thursday before paring some of the gains to finish the day 42.22% higher at $146.86.

Shares of Apple Inc. (NASDAQ: AAPL), the Cupertino, California-based technology giant, tumbled in trading on Thursday after the company reported disappointing results in its first quarter. While the company posted record quarterly results, its revenue for the quarter fell short of Street estimates. Sales of iPhones also fell short of expectations. The company also gave a weaker-than-expected revenue outlook for the current quarter, raising worries that the demand for iPhones is fading.

Apple shares fell to an intra-day low of $450.25 on Thursday before finishing the day 12.35% lower at $450.50.

Shares of Popular Inc. (NASDAQ: BPOP), a diversified, publicly-owned bank holding company, soared in trading on Thursday after the company reported its fourth-quarter financial results.

For the quarter ended December 31, 2012, Popular reported net income of $83.9 million, compared to net income of $47.2 million reported in the previous quarter. Commenting on the fourth-quarter results, Richard L. Carrion, Chairman of the Board and CEO of Popular, said that the company’s fourth-quarter results reflect the strength of its core businesses and market positions, significant further declines in non-performing loans and increases in the company’s already strong capital ratios. Carrion said that in 2013, the company remains focused on driving value through further progress on all these fronts and continuing to increase its strategic and financial flexibility.

BPOP shares rose to a 52-week high of $26.44 on Thursday before paring some of the gains to finish the day 13.65% higher at $25.81.

Shares of Diebold Incorporated (NYSE: DBD), a North Canton, Ohio-based company engaged in providing integrated self-service delivery and security systems and services to the financial, commercial, government and retail markets, tumbled in trading on Thursday.

DBD shares ended the day 8.42% lower at $29.91 after hitting an intra-day low of $29.26. DBD shares plunged on Thursday after the company announced its preliminary fourth-quarter financial results. The company expects fourth-quarter revenue to come in at $840 million. DBD also provided outlook for 2013. The company said that it expects relatively flat revenue in 2013.

Shares of InvenSense Inc. (NYSE: INVN), a company engaged in the design and fabrication of micro-electro-mechanical systems (MEMS) technologies, surged in trading on Thursday. INVN shares rallied after the company reported its third-quarter financial results.

For the third quarter, the company reported net revenue of $58.9 million, compared to $41.2 million reported for the same period in the previous year. The company’s net income for the quarter was $16.8 million, compared to $10.6 million reported for the same period in the previous year.

INVN shares rose to an intra-day high of $14.93 before paring some of the gains to finish the day 11.48% higher at $14.76.


Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


-------------------------------------------------------------------------------------------------------------------------
All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.