6 NASDAQ Stocks Trading Higher This Morning: TWER, ITMN, VECO, AMRN, FCEL, PWAV

Nasdaq Stocks

Stocks have been trading mixed Thursday morning while Apple (NASDAQ:AAPL) briefly touched $600 today. Economic reports showing improvements in the labor market and manufacturing did little to send the market up as inflation is on the back of every one’s mind.

Weekly jobless claims hit a four year low last week at 351,000 according to the Labor Department. Most economists were expecting weekly jobless claims to fall to 356,000. The unemployment rate remained steady at 8.3%.

Producer prices rose less than expected in February as they increased by 0.4%. Energy costs contributed to this increase.

A quick look at the major indexes show the Dow up 12 points, the Nasdaq up 8 points and the S&P 500 up 3 points.


Towerstream Corporation (NASDAQ:TWER) is up 28.08% this morning at $3.3390. TWER is rallying on heavy volume this morning with over 2 million shares traded. TWER shares are up today after the company released fourth quarter results late yesterday. Revenue for the fourth quarter was $7.2 million with a net loss of $0.04 per share. Analysts were expecting revenue of $7.1 million and a loss of $0.05 per share. The company has a market cap of 178.87 million.

InterMune, Inc. (NASDAQ:ITMN) is up 11.42% today at $16.50. ITMN has traded 5.2 million shares so far today and trades 2.4 million shares a day on average. ITMN shares are climbing today after German reimbursement body rules in favor the InterMune’s drug. The company has a market cap of 1.07 billion.

Veeco Instruments Inc. (NASDAQ:VECO) is up 8.97% in early trading at $32.67. VECO has traded 1.2 million shares this morning, above its average volume of 1.1 million shares. Vecco Instruments was upgraded to buy from hold at Deutsche Bank. The company has a market cap of 1.26 billion.

Amarin Corporation (NASDAQ:AMRN) is up 6.61% today at $8.55. AMRN has traded 4.2 million shares so far today, close to double its average volume. AMRN hit an intraday high of nearly $9 earlier this morning and has jumped as much as $2 a share in the past two days. The company has a market cap of 1.18 billion.

FuelCell Energy, Inc. (NASDAQ:FCEL) is up 7.30% this morning at $1.91. FCEL has traded big volume already this morning with 3 million shares traded, double its average. FuelCell and Air Products signed Memorandum of Understanding to market development of stationary Direct FuelCell power plants. The company has a market cap of 267.84 million.

Powerwave Technologies, Inc. (NASDAQ:PWAV) is up 10.98% today at $1.92. PWAV has traded 885 thousand shares so far this morning, above its average of 782 thousand shares. PWAV shares have jumped close to $0.70 over the past week. The company has a market cap of 61.27 million.

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About Kyle Pinder

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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