5 Stocks Bouncing This Morning: RMBS, RAM, SPWR, TRIP, SD

Rambus Inc. (NASDAQ:RMBS) is up 15.44% this morning at $8.45. RMBS has traded 2.4 million shares so far today and trades 2.7 million shares a day on average. Rambus signed a patent licensing deal with Broadcom Inc. and resolved all previous claims related to its technology. Rambus did not disclose any financial details or specifics on which patent technology was part of the deal. The company has a market cap of 940.17 million.

RAM Energy Resources, Inc. (NASDAQ:RAM) is up another 10% today at $2.20. RAM has traded 1.7 million shares so far today, well above its daily average of 337 thousand shares. RAM Energy saw a huge gain yesterday after the company announced it sold majority stake to private company. The company has a current market cap of 174.17 million.

SunPower Corporation (NASDAQ:SPWR) is up 7.18% this morning at $6.27. SPWR has traded 1.4 million shares so far today, more than double its daily average. SunPower is bouncing up today after Total agrees to buy shares at a 50% premium. SunPower has a market cap of 621.08 million.

TripAdvisor, Inc. (NASDAQ:TRIP) is up 5.18% today at $25.80. TRIP has traded 650 thousand shares so far today and trades 1.5 million shares a day on average. TRIP is bouncing back today after falling from $30 a share on Wednesday. TripAdvisor has a market cap of 3.22 billion.

SandRidge Energy, Inc. (NYSE:SD) is up 1.95% in pre market trading at $8.50. SD has traded 10.1 million shares so far today and averages 12.1 million shares a day. The company announced today it is done buying Mississippi acreage and that its wells in the state have “surprised to the upside” with natural gas. SandRidge Energy has a market cap of 3.41 billion.

written by

Kyle Pinder has has over five years trading and research experience in the large cap space. While still in grad school, Kyle trades daily and keep Active Investor up to date with the latest breaking news coming out of Wall Street and Washington.
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