Hot stocks to watch: Those stocks were very popular in Friday’s trading session. Some of them saw plunges while some of them gained a lot.
Manpower Inc (MAN) gained 1.11%, or $0.42, to $37.31. The intraday Volume was at 717,093 shares, below its daily average of 1.11 million shares. The workforce solutions and services provider posted a net income of $41 million on revenue of $521 million for the recent quarter ended June 30, 2012. EPS was $0.76, slightly higher than the analyst estimate of $0.71. The current MAN stock price is 22.21% higher than its 52-week low of $30.53 and 22.72% off its 52-week high of $48.28. Manpower has a market cap of $2.96 billion and a trailing P/E multiple of 13.55x.
Fusion-IO, Inc.(FIO) surged 27.28%, or $5.84, to close at $26.86. The hot stock saw its intraday volume at 17.80 million, eight times 2.26 million shares. The big surge was on the back of that the memory-technology provider reported better-than-expected fourth-quarter earnings results and released the fiscal 2012 first quarter revenue guidance above analysts’ expectations. The current FIO stock price is 80.27% higher than its 52-week low of $14.90 and 35.65% off its 52-week high of $41.74. Fusion-IO has a market cap of $2.51 billion and no P/E multiple as the negative EPS.
J.C. Penney Company, Inc.(JCP) harvested 5.88%, or $1.30, to end at $23.40. The intraday volume was 48.15 million, more than five times its daily average of 9.41 million shares. The department stores operator reported its second quarter financial results; comparable store sales plunged 21.7%. Net loss was $147 million, or 67 cents per share versus a net income of $14 million, or 7 cents per share. Revenue declined 22.6%. The results fell short of the analysts’ estimates. The current JCP stock price is 22.77% higher than its 52-week low of $19.06 and 48.81% off its 52-week high of $43.18. J.C. Penney Company has a market cap of $5.11 billion and no P/E multiple as the negative EPS.
Mastercard Inc (MA) edged up 0.02%, or $0.09, to $426.03. The intraday volume was at 459,180 shares, lower than its daily average of 911,205 shares. The current MA stock price is 45.40% higher than its 52-week low of $293.01 and 48.77% off its 52-week high of $466.98. Mastercard has a market cap of $53.17 billion and a trailing P/E multiple of 25.47x.
ATP Oil & Gas Corporation (ATPG) plummeted 72.52%, or $0.950, to end at $0.360. The intraday volume was at 23.43 million, substantially larger than its daily average of 3.10 million shares, making it one of the hot stocks on Friday. It is reported that the company is preparing possible bankruptcy filing and negotiating a $600 million loan to help the bankruptcy proceedings. The current ATPG stock price is 16.13% higher than its 52-week low of $0.31 and 97.53% off its 52-week high of $14.48. ATP Oil & Gas has a market cap of $18.78 billion and no P/E multiple as a net loss.
Ubiquiti Networks Inc (UBNT), one of the hot stocks on Friday, tumbled 41.97%, or $6.30, to close at $9.71. The intraday volume was at 7.66 million shares, well above its daily average of 565,799 shares.The stock saw the gloomy day after the wireless equipment maker said fake wireless equipments were hurting sales. The company also forecasted the first quarter results much lower than analysts’ estimates despite an EPS debt of $0.02 reported Thursday. The current UBNT stock price is 2.23% higher than its 52-week low of $8.52 and 75.80% off its 52-week high of $35.99. Ubiquiti Networks has a market cap of $800.19 billion and no P/E multiple as a net loss.