Biggest Stock Gainers as Market Rallies Big Time: AATI, PCX, X, ELTK, LEAP

Stocks are up big today following coordinated action from central banks across the world to avert a credit crunch. Central banks in Europe, the U.S., Britain, Japan, Switzerland and Canada eased banks’ access to money by lowering their borrowing rates. The Dow is up 420 points, the Nasdaq is up 88 points and the S&P is up 43 points. Here’s some of the biggest stock percentage gainers in early trading.

Advanced Analogic Technologies, Inc. (NASDAQ:AATI) is up 32.72% today at $5.76. AATI has traded 4.4 million shares so far today, more than 6 times its daily average. Skywork Solutions said it will buy Advanced Analogic Technologies for $5.80 per share which is lower than the original offer. Advanced Analogic has a current market cap of 253.93 million.

Patriot Coal Corporation (NYSE:PCX) is up 14.75% at $9.96. PCX has traded 3.5 million shares so far today and trades 7.7 million shares a day on average. PCX gaped open this morning at $9.37. The stock closed yesterday at $8.68. Patriot Coal has a current market cap of 908.72 million.

United States Steel Corp. (NYSE:X) is up 12.63% at $26.66 in morning trading. X has traded 6.1 million shares so far today and trades 13.1 million shares a day on average. X is leading the charge in the steel sector today along with AK Steel (NYSE:AKS) up 8.8% and Allegheny Technologies (NYSE:ATI) up 9.5%. United States Steel has a current market cap of 3.84 million.

Eltek Ltd. (NASDAQ:ELTK) is up 21.85% at $1.45. ELTK is rising today after announcing third quarter earnings. Third quarter revenue rose 33% to $12 million and net profits increased by 358% to $573 thousand. ELTK has traded 447 thousand shares so far today, well above its daily average of 9 thousand shares. Eltek has a current market cap of 9.58 million.

Leap Wireless International Inc. (NASDAQ:LEAP) is up 12.68% at $8.80. LEAP has traded nearly 900 thousand shares so far today and trades 2 million shares a day on average. LEAP is up as it follows the overall market rally today. Leap Wireless has a current market cap of 692.67 million.

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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