The stock market is a whirlpool of companies and individuals who are either gainers or decliners; each trying to get their hands on as much as they can. A few perceive risk and advance while others try to play the equity market. Some performers of the previous week are;
American Eagle Outfitters (NYSE:AEO)
After reporting better than predicted quarterly results, AEO’s (NYSE:AEO) shares moved higher. In absolute terms, the retailer did not have such a strong quarter. There was a 2 percent decline in revenue which in turn aided a slide in comparable-store sales.
The company’s earnings fell from 10 cents per share since last year to 3 cents per share now. Earnings also took a dip to 3 cents/ shares from 10 cents/share.
China Finance Online (NASDAQ:JRJC)
Going up 131 percent, China Finance Online (NASDAQ:JRJC) was the biggest winner of last week. It doubled after introducing its innovative trading platform. The new offering was Beijing’s first trading platform for web-based securities.
A bearish stock reporter – Citron Research – tweeted that China Finance Online (NASDAQ:JRJC)’s misleading headline and poor reporting made it seem like the only virtual trading platform in China.
However, the bulls proved to be right and the company’s shares closed at a peak everyday during last week.
Elizabeth Arden, Inc (NASDAQ:RDEN)
This renowned company fell 16 percent in the previous week for its beauty products. Its sales fell at least 28 percent and the blame was put on its endorsers Taylor Swift and Justin Beiber. These lethargic sales, resulting in a catastrophic loss, were much lower than Wall Street’s prediction. A huge market disappointment indeed!
Coupons.com Inc (NYSE:COUP)
The company continues to get dismal results and yet another series of disappointing results this month scared the investors away. With a loss totaling up to 9 cents/share in the previous quarter, Coupons.com Inc (NYSE:COUP) went even beyond the loss expected by analysts who thought it would be somewhere around 5 cents/share.
TrueCar Inc (NASDAQ:TRUE)
After making a deal with esteemed automobile manufacturer, Chrysler and well known auto insuring company, Geiko, TrueCar (NASDAQ:TRUE) moved higher with an increase of 33 percent.
Its offers a free of negotiations buyer-seller transaction platform; this platform aims to make a prominent place in insurance history and hopefully change its dynamics.
Instead of writing a settlement check and handing out a voucher for rental car as done by most of the insurance companies in the market, TrueCar Inc (NASDAQ:TRUE) hopes to replace the insurance vehicle by collaborating with Chrysler and GEICO and other insurance partners.
It has been three months now since the company went public for about $9 with stocks getting higher.
Oncothyreon Inc (NASDAQ:ONTY)
NASDAQ (INDEXNASDAQ:.IXIC) had two big losers in the past week- Elizabeth Arden (NASDAQ:RDEN) and Oncothyreon (NASDAQ:ONTY). The biotech company plunged after its treatment for lung cancer failed in an overseas clinical trial.
As a result, Wedbush Securities cut the company’s stock price target by half.