5 Big Board Stocks Moving In Early Trading: SFSF, TLEO, GCI, CNQR, IMAX

Stocks are continuing higher today as French and German leaders outline a new fiscal pact that they say will prevent another debt crisis from happening again. The pact has automatic sanctions for euro nations that violate and existing rule to keep their budget deficits under 3% of GDP. Merkel and Sarkozy would like the entire 27 member EU to adopt the pact, but that an agreement between the 17 nations that use the euro would be acceptable. The Dow is currently up 141 points and the Nasdaq is up 38 points. The S&P has just crossed its 200 day moving average and is up 19 points so far today.

Let’s take a look at 5 big board stocks posting big gains so far this morning.

SuccessFactors, Inc. (NYSE:SFSF) is up 51.26% at $39.71 so far this morning. SFSF has traded 55.1 million shares so far today, way above its daily average of just 1.9 million shares. SuccessFactors was offered $3.4 billion by SAP over the weekend and the company’s board has already approved the deal. This deal is at $40 a share and represents a 52% premium from Friday’s close. SuccessFactors has a market cap of 3.35 billion.

Taleo Corporation (NASDAQ:TLEO) is up 18.84% at $39.17 this morning. TLEO has traded 2.4 million shares so far today, 6 times more than its daily average. The SAP/SuccessFactors deal has sent stocks in the same industry up as well. That’s why Taleo Corp is moving so much today. TLEO has jumped more than $8 in the past five trading sessions. Taleo Corporation has a market cap of 1.62 billion.

Gannett Co., Inc. (NYSE:GCI) is up 10.83% at $13.20 this morning. GCI has traded 5.4 million shares so far today, nearly 1 million shares more than its daily average already today. GCI has jumped nearly $3 a share in the past five trading sessions. Gannett Co has a market cap of 3.16 billion.

Concur Technologies, Inc. (NASDAQ:CNQR) is up 11.41% at $5.35 so far today. CNQR has traded 1.8 million shares so far today, nearly four times its daily average. Concur Technologies is a cloud company similar to TLEO and SFSF and is up today following the SAP deal for SuccessFactors. CNQR is up $6 a share in the past five trading sessions. The company has a current market cap of 2.82 billion.

IMAX Corporation (NYSE:IMAX) is up 8.41% at $20.89 so far today. IMAX has traded 780 thousand shares so far toady and trades 1 million shares a day on average. IMAX is up today after being upgraded from a Hold to Buy by Stifel Nicolaus. IMAX is up $2 a share in the past five trading sessions. The company has a current market cap of 1.35 billion.

written by

An avid market watcher, Martin enjoys the tech arena the most with the Nasdaq being his main area of focus. A finance major, Martin is working to the goal of one day ringing the bell at the NYSE.
Related Posts

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

© Copyright - Active Investor
Real Time Analytics