Afternoon Movers: DNDN, ZOLT, OREX, CYOU, CPY, ALU

Stocks are still down in midday as investors worry about Greece’s debt deal. Greece has been trying to complete a deal for weeks now. Right now the Dow is down 35 points, the Nasdaq is down 3 points and the S&P is down 2 points.

Dendreon Corporation (NASDAQ:DNDN) is up 14.82% today at $16.27. DNDN has traded 20.8 million shares so far today and trades 8.5 million shares a day on average. DNDN shares are seeing a spike today after federal health regulators published a critical review for Amgen’s prostate cancer drug. The company has a market cap of 2.43 billion.

Zoltek Companies, Inc. (NASDAQ:ZOLT) is up 11.75% this afternoon at $14.65. ZOLT has traded 2.2 million shares today, 7 times its daily average. ZOLT shares continue to go higher following strong fiscal first quarter results. ZOLT shares are up more than $4 a share since Friday. The company has a market cap of 503.83 million.

Orexigen Therapeutics, Inc. (NASDAQ:OREX) is up 16.30% today at $3.21. OREX has traded 1.3 million shares in afternoon trading, more than double its daily average. OREX shares are up today after the company announced agreement from the FDA on a special protocol assessment for the Contrave outcomes trial. The company has a market cap of 154.11 million. Limited (NASDAQ:CYOU) is down 11.90% this afternoon at $25.63. CYOU has traded 1.5 million shares so far today, up from 273 thousand shares it typically trades. Guidance from the company’s earnings results this morning did not please investors. Next quarter’s profit is forecasted to be below the $1.13 analysts have been estimating. The company has a market cap of 1.35 billion.

CPI Corporation (NYSE:CPY) is down 10.69% today at $1.42. CPY has traded double its average volume so far today with 951 thousand shares traded. CPY shares are down today after the company announced on Friday that it will trade on the OTC market starting on February 9. The company has a market cap of 9.99 million.

Alcatel-Lucent (NYSE:ALU) is down 2.56% today at $1.90. ALU has traded 11.1 million shares so far and trades 18.2 million shares on average. ALU shares are pulling back slightly today after jumping more than $0.20 last week. The company has a market cap of 4.31 billion.

written by

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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