After some initial indecision following a Federal Reserve statement on monetary policy, investors followed up with more indecision in an afternoon of four changes in direction for the broader equity indexes. At the end of the day, index investors were largely back where they started. However, two stocks bucked the broader market trend to book some big gains today. Let's take a closer look.
Company |
Gain / Loss % |
Price |
---|---|---|
Jabil Circuit |
6.9% | $20.75 |
Millennial Media |
5.1% | $13.04 |
Shares of Jabil Circuit, a key supply-chain provider for a variety of tech companies, saw a meaningful move lower in May following negative commentary on enterprise tech spending from networking juggernaut Cisco
Shares of mobile-advertising provider Millennial Media also got a big boost today in what appears to be nothing more than a relief rally for a stock that has been under considerable pressure since its IPO earlier this year. As the largest agnostic mobile platform in the mobile arena, the company is highly leveraged to mobile ad spending, an area that Facebook
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