Stocks are trading lower this morning as a couple of large tech companies drag the indices lower. Investors were also disappointed to see that the minutes from the Bank of England showed only one member of the Monetary Policy Committee supported another round of QE.
Intel shares fell this morning despite the company posted earnings that beat earnings and revenue estimates. IBM is also trading lower today as their revenue came in slightly lower than analyst estimates.
The Dow is down 30 points right now, the Nasdaq is down 2 points and the S&P 500 is down 2 points.
OptimumBank Holdings Inc. (NASDAQ:OPHC) is up 34.48% this morning at $3.1199. OPHC has traded 390 thousand shares so far today, way above its daily average of 64 thousand shares. The company recently announced its chief lending officer has resigned. The company has a market cap of 72.61 million.
Cenveo Inc. (NYSE:CVO) is up 13.13% in early trading at $2.93. CVO has traded 523 thousand shares this morning and trades 852 thousand shares a day on average. Ceveo shares are bouncing today after hitting a new 52 week low this week. Cenveo was upgraded by Imperial Capital to in-line from underperform. The company has a market cap of 187.43 million.
Origin Agritech Limited (NASDAQ:SEED) is up 12.39% today at $2.26. SEED has traded 1.4 million shares so far today, 6 times its daily average volume. SEED shares are up more than $0.40 a share in the past two days. The company has a market cap of 52.38 million.
Ivanhoe Mines Ltd. (NYSE:IVN) is up 10.12% this morning at $12.95. IVN is up on huge volume today with 7.1 million shares traded, more than double its average volume. Ivanhoe Mines announced today that its founder and Chief executive has stepped down as part of a financing deal with Rio Tinto. The company has a market cap of 9.62 billion.
Feihe International, Inc. (NYSE:ADY) is up 8.17% in early trading at $4.4999. ADY has traded 430 thousand shares so far today, double its daily average volume. ADY shares have jumped $1 a share in the past week. The company has a market cap of 91.26 million.
United Rentals, Inc. (NYSE:URI) is up 7.16% this morning at $43.90. URI has traded 2.3 million shares so far today and is already above its daily average of 2 million shares. URI shares are up today as first quarter results beat expectations. The company has a market cap of 2.77 billion.
Knology, Inc. (NASDAQ:KNOL) is up 7.29% today at $19.37. KNOL has traded 5.4 million shares this morning, way above its daily average of 211 thousand shares so far today. Avista Capital is buying KNology for $750 million. The company has a market cap of 735.07 million.
About Martin Stephenson
