6 Nasdaq Stocks Heading Higher This Morning: GURE, FFN, SVNT, ASIA, WETF, JASO

Nasdaq stocks

Gulf Resources, Inc. (NASDAQ:GURE) is up 17.56% this morning at $3.08. GURE shares are up today on news that the company’s chairman is considering privatization option. GURE has traded 755 thousand shares so far today. Shares of the company were down about $0.20 over the past week before today’s big move. The company has a market cap of 107.52 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is up 12.88% today at $2.63. FFN is up on heavy volume today with 751 thousand shares traded. The stock typically trades about 600 thousand shares a day on average. FFN shares continue to extend its rally this year and is up more than 200% since late January. The company has a market cap of 84.60 million.

Savient Pharmaceuticals Inc. (NASDAQ:SVNT) is up 5.91% in early trading at $2.15. SVNT has traded 884 thousand shares so far today and trades 1.5 million shares a day on average. Savient Pharmaceuticals is set to present at the Citi 2012 Global Health Care Conference later this month. The company has a market cap of 151.63 million.

AsiaInfo-Linkage, Inc. (NASDAQ:ASIA) is up 10.17% today at $12.88. ASIA is up on heavy volume with 837 thousand shares traded, well above its daily average of 650 thousand shares. ASIA shares are rallying today on reports that equity firms including KKR & Co and TPG Capital are looking to bid on AsiaInfo. The company has a market cap of 925 million.

WisdomTree Investments, Inc. (NASDAQ:WETF) is up 8.66% this morning at $7.65. WETF has traded 416 thousand shares so far today and trades 127 thousand shares on average. WETF shares have rallied more than $1 over the past two trading sessions. The company has a market cap of 870.63 million.

JA Solar Holdings, Co. (NASDAQ:JASO) is up 7.92% today at $2.18. JASO has traded 6.3 million shares so far today, already higher than its daily average of 5.9 million shares. JASO announced last Thursday it supplied 23MW of solar modules for installation in China’s Ningxia Province. The company has a market cap of 367.18 million.

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About Rachel Brook

Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.

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