Synacor Top Share Price Winner Last Week

Synacor was the clear top share price winner for the week of May 2, according to Cablefax’s week in review of telecom and media stocks. Following the announcement that the multiplatform tech firm won a contract with AT&T to develop and manage desktop and mobile portal services, the stock spiked, increasing 144.68% to a share price of $3.45. Synacor took the business from Yahoo, The Wall Street Journal notes. On the loser side, Vonage tumbled 12.42% to $4.09 a share after reporting 1Q earnings. Though it beat analysts’ expectations (earnings per share was $0.10, ahead of the expected $0.06), it also announced the acquisition of he privately-held CPaaS company Nexmo for $230 million in cash. Some speculate that investors may have been blindsided by the acquisition, which could have caused a negative reaction by investors. Telephone & Data Systems (TDS) also fell after its 1Q earnings call, which reported that revenue for the period was $1.24 billion, below the $1.26 billion expected by the Street. Check out the full chart of winners and losers below.

Stock share price winners:

1. SYNACOR:…………………………………………………………….3.45……. 144.68%
2. INTERACTIVE CORP:…………………………………………..53.78……… 16.06%
3. GRAY TELEVISION:……………………………………………..13.64……….. 6.15%
4. CABLE ONE:………………………………………………………485.49……….. 5.78%
5. SHENTEL:……………………………………………………………30.27……….. 5.51%

Stock share price losers:

1. VONAGE:………………………………………………………………4.09…….(12.42%)
2. TDS:……………………………………………………………………26.76………..(9.5%)
3. CENTURYLINK:……………………………………………………28.54………(7.79%)
4. GRUPO TELEVISA:………………………………………………27.60………(5.58%)
5. SEACHANGE:………………………………………………………..3.53………(5.36%)