Afternoon Stock Movers: BDCO, GMXR, ROYL, GRPN ACOM, STP

The stock market is looking to finish the day at its highs as each of the major indices rises by more than 0.60%. News that Greece agreed to new austerity measures in order to get another bailout package put investors at ease at least for a little while about Europe. With about 30 minutes left in the trading day the Dow is up 80 points, the Nasdaq is up 26 points and the S&P 500 is up 9 points.

Blue Dolphin Energy Company (NASDAQ:BDCO) is up 70.24% this afternoon at $8.81. BDCO has traded 748 thousand shares so far today, well above the stock’s daily average of 21 thousand shares. No news today, but with the rise in oil prices due to tension in the middle ease, BDCO seems to be benefiting. The company has a market cap of 18.23 million.

GMX Resources, Inc. (NYSE:GMXR) is up 19.21% today at $1.80. GMXR has traded 3.9 million shares so far today, 3 time its daily average. GMXR are up about 100% this month following an upgrade by Stifel Nicolaus on Feb. 2. The company has a market cap of 102.82 million.

Royale Energy, Inc. (NASDAQ:ROYL) is up 14.09% this afternoon at $5.1798. ROYL has traded 2.2 million shares so far today, up from 591 thousand shares it usually trades. Energy stocks are rallying today after the price of oil went over $100/barrel. The company has a market cap of 56.39 million.

Groupon, Inc. (NASDAQ:GRPN) is down 8.94% today at $19.15. GRPN has traded 4.7 million shares so far today, double its average volume. Groupon shares are coming back down after rallying to nearly $25 over the past month. The company has a market cap of 10.15 billion., Inc. (NASDAQ:ACOM) is down 6.33% today at $29.00. ACOM has traded 1.5 million shares this afternoon, nearly double its daily average volume. While ACOM shares are down today, the stock is still up more than $5 on the year. The company has a market cap of 1.27 billion.

Suntech Power Holdings Co. (NYSE:STP) is down 6.7% this afternoon at $3.76. STP has traded 4.8 million shares today, up from its average volume of 3.3 million shares. STP shares are taking a bit of a hit today after UBS downgraded the stock to neutral from buy. The company has a market cap of 677.07 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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