Piper Jaffray Companies (NYSE: PJC) shares spiked 13.4 percent to $40.93, on volume of 442,658 shares, nearly five times its daily average. PJC Wednesday reported quarterly net income of $9.4 million, or 49 cents per share, down from $12.2 million, or 63 cents per share a year prior.
Xerox Corporation (NYSE: XRX) had a busy Wednesday, trading in 49.7 million shares, or five times its daily average. Share prices dropped 8.1 percent, however, to $10.41, on quarterly profits of $171 million, or 12 cents a share, down from $180 million, or 20 cents, in the year-earlier fourth quarter.
Callaway Golf Company (NYSE: ELY) shares retreated 5.9 percent to $7.22 Wednesday, on volume of 1.7 million shares, nearly triple its daily average. Tuesday, ELY posted a quarterly loss of $32.3 million, or 54 cents a share, compared with a loss of $18.2 million, or 29 cents a share a year ago.