The overall market is trending lower today as worries over Europe continue to grow. Investors are skeptical that any major progress will be made at a summit in Brussels starting today. German Chancellor Angela Merkel has stated that countries must concentrate on fundamental reforms versus emergency proposals such as the ones put forward by Spain and Italy. Sign Up For Free Stock Alerts
The market has also reacted to the Supreme Court’s decision to uphold the President’s healthcare plan.
All of the major stock indexes are currently down more than 1% right now. The Dow is down 136 points, the Nasdaq is down 46 points and the S&P 500 is down 14 points.
Hot Stocks
Synergetics USA, Inc. (NASDAQ:SURG) is up 22.22% today at $4.77. SURG has traded 1.8 million shares so far today, more than 10 times its daily average volume. SURG shares are heading higher today after the FDA approved its eye surgery system. The company has a market cap of 123.96 million.
Orexigen Therapeutics, Inc. (NASDAQ:OREX) is up 18.90% today at $5.83. OREX has traded 16.9 million shares so far today, way above its daily average of 1.6 million shares. OREX shares continue to rally today after Arena’s weight loss drug was approved yesterday. Orexigen is developing its own weight loss drug it hopes will be approved. The company has a market cap of 397.85 million.
LiveDeal, Inc. (NASDAQ:LIVE) is up 17.53% today at $12.89. LIVE has traded 480 thousand shares so far today, 6 times its normal volume. LIVE shares have rallied more than 100% this month and were trading as high as $15.57 earlier today. The company has a market cap of 31.10 million.
Merge Healthcare Incorporated (NASDAQ:MRGE) is up 11.02% today at $2.72. MRGE has traded 653 thousand shares so far today and trades 1.03 million shares a day on average. The company has a market cap of 253.62 million.
Neptune Technologies & Bioresources, Inc. (NASDAQ:NEPT) is up 10.30% this afternoon at $4.79. NEPT has traded 1.1 million shares so far today, well above its daily average of 226 thousand shares. NEPT shares have rallied more than $1 a share over the past five days. The company has a market cap of 239 million. Sign Up For Free Stock Alerts
HCA Holdings, Inc. (NYSE:HCA) is up 9.96% today at $29.26. HCA has traded 16.8 million shares so far today, well above its daily average of 2.9 million shares. HCA shares have climbed more than $3 a share over the past few days. HCA shares are moving higher today on this morning’s Supreme Court ruling on the President’s health care plan. The company has a market cap of 12.86 billion.
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