Early Morning Gainers: TSRA, NG, PEIX, PCRX, GMCR

The markets opened down today as Europe continues to weigh heavily on the markets. Signs that the euro debt crisis is spreading showed up today as the yield spread of 10-year French bonds over the German ones reached a euro-era high. The crisis has global reach as the Bank of Japan Governor, Masaaki Shirakawa, said the euro debt crisis is affecting Japan in multiple ways.

On the commodities side, oil prices hit $100 today and are currently trading at 101.43. This is ironic since the consumer price index dropped slightly in October and was attributed to lower gas prices. That won’t last long if oil prices continue higher.

Let’s take a look at a few companies bucking the overall down market trend.

Tessera Technologies Inc. (NASDAQ:TSRA) is up $3.14 at $17.61, a gain of 21.7% this morning. Earlier today, Tessera said Samsung extended its patent licensing agreement with the company through May 2017. TSRA has traded 1.3 million shares this morning, nearly triple its daily average volume. Tessera Technologies has a current market cap of 917.27 million.

NovaGold Resources Inc. (AMEX:NG) is up 12% this morning at $9.87. NovaGold announced a new CEO today and also announced billionaire, Thomas Kaplan, will become the company’s chariman. This is the one bright spot in gold today as gold prices are trading lower this morning. NG has traded 2.5 million shares so far today and should have no problem beating its daily average volume of 3.1 million shares. The company has a current market cap of 2.37 billion.

Pacific Ethanol, Inc. (NASDAQ:PEIX) is up 16.54% today at $1.55. Pacific Ethanol announced today it has retired in full its $35 million senior convertible notes on Nov. 15. As of Nov. 15, the company has 77.5 million outstanding shares. PEIX has traded 10.9 million shares this morning, already double its daily average. The company has a current market cap of 112.57 million.

Pacira Pharmaceuticals Inc. (NASDAQ:PRCX) is up 9.74% this morning at $7.55. The company announced the pricing of its public offering of 7 million shares at $6.50/share. PRCX has traded 1.6 million shares this morning, well above its daily average volume of 168 thousand shares. Pacira has a current market cap of 134.38 million.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) is up 6% at $50.43. GMCR is trying to bounce back after dropping from $70 to $40 in one day following poor earnings. GMCR has traded 6.3 million shares today and will beat its daily average of 7 million shares. The company has current market cap of 7.81 billion.

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Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.
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