Hot Stocks at Midday: TWER, SIMG, ATPG, DHT, ELN, RIMM

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Stocks continue to trade flat in midday trading as investors look to towards the weekend. Economic news was slightly negative today as consumer confidence fell in February due to high energy prices. Bank of America (NYSE:BAC) is rallying again today and has nearly double since hitting a low of around $5 late last year.

Right now the Dow is up 2 points, the Nasdaq is up 2 points and the S&P 500 is up 2 points.

Towerstream Corporation (NASDAQ:TWER) is up nearly 9% in midday trading at $4.0301. TWER continues to trend higher after announcing fourth quarter results on Wednesday. Towerstream has traded 1.5 million shares so far today, well above its daily average of 411 thousand shares. The company has a market cap of 215.18 million.

Silicon Image, Inc. (NASDAQ:SIMG) is up 7.90% today at $5.87. SIMG has traded 1.7 million shares so far today, close to double its average volume. SIMG shares have jumped about $0.70 in the past few days. The company has a market cap of 485.13 million.

ATP Oil & Gas Corporation (NASDAQ:ATPG) is up 7.20% at midday at $8.78. ATPG has traded 3 million shares so far today, 50% more than its daily average. Energy stocks have been rallying some today on a statement from the White House saying it has no immediate plans to tap in the Strategic Petroleum Reserve. The company has a market cap of 448.63 million.

DHT Holdings, Inc. (NYSE:DHT) rose 6.90% in midday trading at $1.24. DHT has traded 1.5 million shares so far today, above its average volume of 1.2 million shares. DHT shares have jumped about $0.25 in the past few days. The company has a market cap of 80.56 million.

Elan Corporation (NYSE:ELN) is up 5.91% today at $14.60. ELN has traded 5.7 million shares so far today, close to double its average volume. Elan is up today after Jefferies said it expects the stock to move ahead of the bapineuzumab phase 3 data. The company has a market cap of 8.62 billion.

Research in Motion Limited (NASDAQ:RIMM) is up 5.20% in midday trading at $14.14. RIMM has traded 18.1 million shares so far today and trades 21.9 million shares a day on average. RIMM shares are heading higher today on rumors of a Samsung investment in the company. The company has a market cap of 7.29 billion.

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About Rachel Brook

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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