5 Afternoon Nasdaq Gainers Under $6 – BRCD, JBLU, EXEL, HERO, ARNA

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The Nasdaq is continuing its rally today with about two hours left in the trading day. The Nasdaq is posting the biggest percentage gain out of the three major indexes with a gain of 83 points or 3.42%. The overall market is trending higher thanks to better than expected Black Friday sales and hopes of a European debt crisis fix soon. Here’s five Nasdaq stocks under $6 that are also trending higher with the market.

Brocade Communications Systems, Inc. (NASDAQ:BRCD) is up 2.65% today at $5.25. BRCD has traded 7.2 million shares so far today, a little more than 2 million shares short of its daily average. BRCD is up nearly $1 per share in the past 5 trading sessions. Brocade Communications has a current market cap of 2.49 billion.

JetBlue Airways Corporation (NASDAQ:JBLU) is up 4.60% at $3.64 in afternoon trading. JBLU has traded 2.1 million shares today and trades 4 million shares on average a day. JBLU has made recovered most of its losses it had last week after jumping more than $0.15 today. JetBlue has a current market cap of 1.08 billion.

Exelixis, Inc. (NASDAQ:EXEL) is up 2.78% at $4.06 today. EXEL has traded just over 1 million shares so far today and averages 1.7 million shares daily. Exelixis announced today it has entered into a Cooperative Research and Development Agreement with the National Cancer Institiute to expand development plan for its drug, Cabozantinib. Exelixis has a current market cap of 523.93 million.

Hercules Offshore, Inc. (NASDAQ:HERO) is up 7.10% at $3.55 in afternoon trading. HERO has traded 2.2 million shares so far today, with a daily average of 3.3 million shares. HERO is trading relatively flat in late trading after gaping at open at $3.56. Hercules Offshore has a current market cap of 487.45 million.

Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) is up 10.24% at $1.40 today. ARNA has traded 1.4 million shares so far today and will close the day above its daily average volume of 1.44 million shares. Arena Pharmaceuticals has a current market cap of 204.43 million.