Hot Stocks in Afternoon Trading: SYNC, IMI, YPF, PWAV, GLUU, WPI

Wall Street signSynacor, Inc. (NASDAQ:SYNC) is up 15.76% today at $7.05. SYNC has traded 744 thousand shares so far today, well above its daily average of 124 thousand shares. Stifel Nicolaus initiated coverage on Synacor today and gave it a buy rating. The company has a market cap of 20.99 million.

Intermolecular, Inc. (NASDAQ:IMI) is up 13.03% this afternoon at $6.16. IMI has traded 474 thousand shares so fa today, 4 times its average volume. IMI shares are up nearly $1 a share in the past week. The company has a market cap of 132.34 million.

YPF Sociedad Anonima (NYSE:YPF) are up 10.79% today at $30.40. YPF shares are up today after President Cristina Kirchner’s (Argentina) cabinet chief said the government has not ruled out any options in a dispute with the firm over falling production. This comes a day after he said the company would not be nationalized. The company has a market cap of 11.94 billion.

Powerwave Technologies, Inc. (NASDAQ:PWAV) is up 13.44% today at $2.12. PWAV is trading heavy volume today with 1.1 million shares traded, well above its daily average of 831 thousand shares. PWAV shares are up more than $0.80 so far this month. The company has a market cap of 63.80 million.

Glu Mobile Inc. (NASDAQ:GLUU) is up 6.65% today at $4.18. GLUU has traded 2.9 million shares so far today, well above its daily average of 1.5 million shares. GLUU has been trading around the $4 range for a month now with no definitive move one way or the other. The company has a market cap of 268.33 million.

Watson Pharmaceuticals, Inc. (NYSE:WPI) is up 8.32% this afternoon at $63.42. WPI has traded 6.5 million shares today, more than 3 times its average volume. Watson Pharmaceuticals rose today on rumors that they will buy Actavis for around $7 billion. The company has a market cap of 7.98 billion.

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About Danny Fisher

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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