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LeapFrog Enterprises Inc. (NYSE: LF) shares closed down 8.95% on about 10.6 million shares traded. The stock was one of the biggest decliners in the NYSE. The big drop came after the company posted a disappointing earnings report. LeapFrog CEO John Barbour called the holiday sales environment "very challenging." Sales plummeted 24% to $186.7 million against estimates of $215 million due to steep discounting by retailers, the shortened holiday shopping season, and retailers' inability to keep the right products in stock at the right time. Adjusted earnings in the key quarter likewise tumbled to just $0.2 million or breakeven per share, well short of estimates at $0.14 and down from $0.38 a year ago.
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SunPower Corporation (NASDAQ: SPWR) shares closed up 4.97% on about 7.2 million shares traded on Thursday. The stock was one of the most active stocks trading on the NASDAQ. The company announced a three-year agreement to offer high efficiency SunPower solar power systems at Meritage Homes communities nationwide. The two companies have teamed to provide leading comprehensive energy efficiency and solar power solutions to thousands of Meritage Homes homebuyers throughout the U.S.
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Nxt-ID, Inc. (OTCBB: NXTD) shares closed up 11.50% on a modest 58,000 shares traded. The stock was one of the biggest advancers in the OTCBB market despite the low volume. Earlier this montht he company announced the release of new product images and a consumer FAQ for Wocket™ which is set to launch this year. Wocket™ is a smart wallet much like the smart phone and smart watch. NXT-ID is introducing its innovative, patent-pending Wocket™ as the next natural step in the evolution of smart devices.
Get more information on Nxt-ID, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/NXTD
Cablevision Systems Corporation (NYSE: CVC) shares closed down 2.78% on about 12.5 million shares traded on Thursday. The stock had one of the biggest decliners on the NYSE though modest. The drop came on the heels of news reporting that Comcast would acquire Time Warner in one of the biggest deals of the year. The merger should cause increased competition for Cablevision, Verizon and other, smaller cable companies.
Get more information on Cablevision Systems Corporation and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/CVC
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