Stocks are rallying for the third straight day today as investors are optimistic the ECB will act soon to help the struggling euro zone. Mario Draghi, the ECB president, made comments last week supporting a bond-buying program that would help lower borrowing costs for Spain and Italy. Economic data out of Germany showing industrial orders falling also supports the idea that Draghi will act sooner rather than later.
Hot Stocks
Crumbs Bake Shop, Inc. (NASDAQ:CRMB) is up 58.54% today at $3.25. CRMB has traded 509 thousand shares so far today, well above its daily average of 11 thousand shares. CRMB shares are up today after the company announces deal to serve Starbucks beverages. The company has a market cap of 18.94 million.
US Home Systems Inc. (NASDAQ:USHS) is up 37.08% today at $12.41. USHS has traded 3.8 million shares so far today, way above its daily average of 46 thousand shares. USHS shares are up today after Home Depot announced it would buy the company for 38% premium. The company has a market cap of 92.65 million.
Fossil, Inc. (NASDAQ:FOSL) is up 32.73% today at $92.67. FOSL has traded 3.5 million shares so far today, double its average volume. FOSL shares are rallying today after full year forecast was over estimates. The company has a market cap of 5.71 billion.
BroadSoft, Inc. (NASDAQ:BSFT) is up 29.12% this morning at $36.02. BSFT has traded 3.4 million shares so far today, well above its daily average of 817 thousand shares. BSFT shares are rallying today after posting good quarterly results and guidance. The company has a market cap of 999.05 million.
Grand Canyon Education, Inc. (NASDAQ:LOPE) is up 23.53% today at $19.95. LOPE has traded 1.6 million shares in early trading, well above its daily average of 504 thousand shares. Grand Canyon Education posted a 21% increase in second quarter net income and raised its full year forecast. The company has a market cap of 881.79 million.
Overseas Shipholding Group Inc. (NYSE:OSG) is up 17.88% today at $7.12. OSG has traded 652 thousand shares so far today, above its average volume of 634 thousand shares. OSG saw a big insider buy of 100,000 shares on August 3rd. The company has a market cap of 220.84 million.
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