Volatility ruled the day as the major indices whipsawed between negative and positive territory. The Dow managed to erase a substantial loss and close with a minimal gain. The Nasdaq and S&P erased sizable losses to close slightly lower on the day. Uncertainty is starting to creep back into the market as economic growth in China and especially the euro zone again has investors on edge.
Even with recent down days in the market, stocks are pushing to have their best quarterly gain since 1998. Many analysts are waiting for a pull-back since the market has been on a steady upward trajectory. They think a correction is inevitable at this point, even without a downturn in the macro data.
After Hours Stocks to Watch
Silver Bull Resources, Inc. (AMEX:SVBL) is up 5.56% in after hours trading at $0.57. SVBL has traded 60 thousand shares in after hours trading. SVBL shares have been trading mostly flat this month and have been trading in a range between $0.56 and $0.60. The company has a market cap of 81.70 million.
Keryx Biopharmaceuticals Inc. (NASDAQ:KERX) is up 2.88% in after hours trading at $5.00. KERX has traded 51 thousand shares after the market closed. Over the past month, KERX shares have jumped $1.40 a share. The company has a market cap of 345.17 million.
Trinal Solar Limited (NYSE:TSL) is up 2.51% in after hours trading at $7.36. TSL has traded 33 thousand shares in after hours trading. TSL shares have taken a hit in the past five days, falling more than $1 a share. The company has a market cap of 506.54 million.
Zalicus Inc. (NASDAQ:ZLCS) is up 2.48% in after hours trading at $1.24. ZLCS has traded 63 thousand shares since market close. ZLCS shares have jumped as much as $0.40 in the past week. The company has a market cap of 119.39 million.
Galena Biopharma, Inc. (NASDAQ:GALE) is up 1.76% since the market closed at $2.31. GALE has traded 58 thousand shares in after hours trading. GALE shares have recovered in the past few days after falling from $2.30 to $1.90. The company has a market cap of 97.58 million.
Xyratex Ltd. (NASDAQ:XRTX) is down 12.74% in after hours trading at $15.55. XRTX has traded 50 thousand shares in after hours trading. Xyratex announced first quarter results after market close and beat EPS estimates but missed revenue estimates. EPS came in at $0.40 per share, beating estimates of $0.26. Revenue fell 18% year over year to $295.66 million. The company has a market cap of 491.24 million.
Research in Motion Limited (NASDAQ:RIMM) is down 1.89% in after hours trading at $13.46. RIMM has traded 5.8 million shares in after hours trading. RIMM shares are down after the company posted a big loss and multiple executives resigned. RIMM posted a net loss of $125 million or $0.24 a share. The company has a market cap of 7.08 billion.
GT Advanced Technologies Inc. (NASDAQ:GTAT) is down 5.79% in after hours trading at $7.65. GTAT has traded 309 thousand shares in after hours trading. GTAT shares bounced back in regular trading today after the stock dipped $0.60 a share earlier this week. The company has a market cap of 1.00 billion.
Vivus Inc. (NASDAQ:VVUS) is down 2.49% in after hours trading at $20.75. VVUS has traded 436 thousand shares in after hours trading. VVUS shares were trading as high as $23.75 earlier today but closed at $21.28. The company has a market cap of 1.90 billion.
About Martin Stephenson
