Stocks are heading lower in afternoon trading after a meeting between EU finance ministers to discuss Greece’s second rescue package was cancelled. The Dow is down 75 points, the Nasdaq is down 17 points and the S&P 500 is down 9 points.
Hauppauge Digital, Inc. (NASDAQ:HAUP) is up 45.52% today at $1.51. HAUP has traded 1.7 million shares so far today, way above its daily average of 47 thousand shares. HAUP shares are rallying after the company posted its most recent quarterly results today. The company has a market cap of 16.6 million.
Chelsea Therapeutics International (NASDAQ:CHTP) is up 17.36% this afternoon at $3.65. CHTP has traded more than 4 million shares today, 5 times its average volume. CHTP shares are bouncing back today after the stock fell from $5 to $3 on Friday. The company has a market cap of 229.45 million.
VeolicityShares Daily 2x Vix (NYSE:TVIX) is up 14.21% today at $18.50. TVIX has traded 31.5 million shares so far today, above its daily average of 6 million shares. TVIX trades alongside the VIX and tries to move twice whatever the VIX moves. When the market goes down like its doing today, TVIX will rise.
Fossil, Inc. (NASDAQ:FOSL) is up 13.13% today at $118.35. FOSL has traded 9.8 million shares this afternoon, nearly 10 times its daily average volume. FOSL shares are rallying today as fourth quarter net income rose. Fossil posted an EPS of $1.87 for the fourth quarter, beating estimates of $1.76 per share. The company has a market cap of 7.53 billion.
Tangoe, Inc. (NASDAQ:TNGO) is up 11.50% this afternoon at $17.35. TNGO is up on heavy volume today with 1.4 million shares traded. The stock usually trades 162 thousand shares a day. TNGO shares have climbed more than $2 a share in the past three days. The company has a market cap of 568.61 million.
Rite Aid Corporation (NYSE:RAD) is up 8.84% today at $1.5850. RAD has traded nearly 20 million shares in afternoon trading, three times its average volume. RAD shares are climbing today after the company announced it is retiring $459 million worth of notes due in 2015. The company has a market cap of 1.44 billion.
About Kyle Pinder
