Five Morning Gainers Moving Five Percent or More: KITD, TVIX, GTIV, PANL, SODA
Markets are getting hammered today as stocks fall amid the European debt crisis. This time its Italy causing problems. European stock markets collapsed after Italian bond margin hike and caused U.S. stock futures to plummet. The major U.S. indexes are all down more than 2.5% right now.
There are a few stocks bucking the trend this morning and posting decent gains.
KIT digital, Inc. (NASDAQ:KITD) is up $2.38 at $10.75 this morning, a gain of 28.59%. The company reported record third quarter results this morning. Revenue was up 29% to a record $62.3 million. GAPP net income EPS of $0.11 compared to net losses in previous quarters. KITD has traded 2.5 million shares this morning, 5 times its daily average volume. The company has a current market cap of 464.61 million.
VelocityShares Daily 2x VIX Short Term ETN (NYSEARCA:TVIX) is up 17% at $54.23. TVIX is a stock that trades according to the VIX and tries to double whatever the current VIX reading is. Basically as the market goes down, this stock goes up and vice versa. TVIX has traded over 1.4 million shares this morning, and is on pace to trade relatively average volume today.
Gentiva Health Services Inc. (NASDAQ:GTIV) is up $0.78 at $5.33, a gain of 17% this morning. GTIV has traded 577 thousand shares so far today, about 300 thousand less than its daily average. The stock has traded up every day this week, moving from $3.60 to over $5. The company has a current market cap of 153.65 million.
Universal Display Corp. (NASDAQ:PANL) is up 6.57% this morning at $52.69. PANL announced third quarter profits late yesterday. The company reported a profit of $6 million, or $0.12 cents per share on rising sales. PANL stock has traded 2.4 million shares this morning, 100 thousand higher than its daily average already. The company has a current market cap of 2.43 billion.
SodaStream International Ltd. (NASDAQ:SODA) is up $1.92 at $36.03, a gain of over 5%. SODA is moving up today ahead of their earnings report which is expected sometime today. SODA stock has traded 4 million shares so far today, already double its daily average volume. The company has a current market cap of 710.40 million.
Leave a ReplyWant to join the discussion?
Feel free to contribute!