Here are some of Friday’s biggest gaining and declining stocks:
Gainers
In the resources sector, shares of Cliffs Natural Resources Inc. CLF +10.90% gained 9% as Freeport-McMoRan Copper & Gold Inc. FCX +6.94% added 7%. In a similar vein, United States Steel Corp. X +7.12% rose 7%.
Green Mountain Coffee Roasters Inc. GMCR +11.39% shares rallied 13%, a day after the company introduced a new line of wellness drinks.
Smith & Wesson Holding Corp. SWHC +15.07% shares rose 18%. Late Thursday, the company reported strong growth in profit, revenue and margins for the first quarter ended July 31 as it also raised its outlook for continuing operations. Smith & Wesson now expects to earn 85 cents to 90 cents a share on revenue between $530 million to $540 million for the full fiscal year. In late June, the firearms manufacturer had forecast a profit of 60 cents to 65 cents on revenue of $485 million to $505 million.
U.S.-listed shares of Germany’s Deutsche Bank DB +6.23% rose 7% and those of Dutch bank ING Groep NV ING +5.65% moved 6% higher. Banks rallied across Europe on Friday, inspired by the latest developments in the euro-zone crisis. Read more.
Decliners
Audience Inc. ADNC -68.19% shares fell 67% after the mobile-audio technology company late Thursday said Apple Inc. AAPL +0.41% is “unlikely” to use its processor intellectual property in its next-generation smartphone.
Shares of Internet-radio provider Pandora Inc. P -17.63% shed 17%.The Wall Street Journal reported that Apple is in talks to license music for a custom-radio service similar to Pandora’s.
