After 12 negative sessions out of 13, stocks are trying to mount a comeback. Of course they are doing this without facebook, which is obviously suffering a from a lack of ‘likes’ on the day. Most of the rally is due to the market being technically oversold, but most analysts agree that there needs to be a major catalyst to give the rally legs. Facebook was to provide that, but the over-hyped social network has so far crashed and burned on an epic scale.
The markets are getting a respite from Europe today which is helping the bulls’ cause. The lack of horrible news is seen as good news for the day which is helping the market maintain its gains. The G8 statement over the weekend also gave the bulls cover, even if the statement was nothing but political fluff without any real teeth as to action. Sign Up For Free Alerts
A quick check of the markets has the Dow up 95, the Nasdaq 35 and the S&P 14.
Rosetta Genomics, Ltd. (NASDAQ:ROSG) is up 40.55% this morning at $7.75. ROSG has traded 2.1 million shares so far today, 10 times its average volume. ROSG shares continue to rise after obtaining medical coverage of miRview mets2 assay. Rosetta also had a one for fifteen reverse stock split early last week. The company has a market cap of 5.34 million.
Pacific Sunwear of California Inc. (NASDAQ:PSUN) is up 16.28% today at $1.50. PSUN has tarded 631 thousand shares so far today, well above its daily average of 510 thousand shares a day. PSUN shares have rallied $0.30 a share over the past few days following quarterly results. The company posted a smaller loss than expected causing shares to rise. The company has a market cap of 101.98 million. Get Free Stock Alerts
Keryx Biopharmaceuticals Inc. (NASDAQ:KERX) is up 15.03% in early trading at $1.77. KERX has traded 2.1 million shares so far today and trades 4.2 million shares a day on average. Keryx Biopharma announced this morning it will present at the 49th ERA-EDTA Congress. The company has a market cap of 126.01 million.
Radian Group Inc. (NYSE:RDN) is up 14.60% today at $2.32. RDN has traded just over 2 million shares this morning and trades 5.05 million shares a day on average. Clinton Group, a shareholder of RDN, has asked Radian Group to provide enhanced disclosure to public shareholders or to sell the company to knowledgeable buyer. The company has a market cap of 310.56 million.
Goodrich Petroleum Corp. (NYSE:GDP) is up 14.98% today at $15.34. GDP has traded 1.4 million shares so far today, 200 thousand shares more than its daily average. Goodrich Petroleum announced this morning a preferred dividend of $0.6719 per share. The company has a market cap of 554.97 million.
American Eagle Outfitters, Inc. (NYSE:AEO) is up 10.43% today at $20.32. AEO has traded 7.2 million shares so far today, 2 million shares more than its daily average. AEO shares are up today after the company announced it was leaving its money losing business, 77kids on Friday. The company has a market cap of 3.97 billion. Sign Up For Free Alerts
Amyris, Inc. (NASDAQ:AMRS) is up 10.69% today at $1.76. AMRS has traded 549 thousand shares this morning, above its daily average of 539 thousand shares. AMRS shares are down about $1.50 a share over the past month. The company has a market cap of 101.94 million.