Midday Movers: ACAD, TISA, TUDO, CCIX, PWAV, COOL

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Acadia Pharmaceuticals Inc. (NASDAQ:ACAD) is up 18.42% today at $2.0250. ACAD has traded 2.3 million shares so far today, well above its daily average of 334 thousand shares. ACAD shares have jumped more than $0.50 a share in the past week after the stock fell from a high of $1.80 in February to around $1.50 in March. The company has a market cap of 104.75 million.

Top Image Systems, Ltd. (NASDAQ:TISA) is up 11.75% in midday trading at $3.90. TISA has traded 721 thousand shares so far today, more than 7 times its average volume. Top Image Systems filed for patent for its Intelligent Mobile Document Delivery apps on Monday. The company has a market cap of 42.34 million.

Tudou Holdings Limited (NASDAQ:TUDO) is up 10.76% today at $43.73. TUDO has traded 2 million shares so far today, way above its average volume of 153 thousand shares. TUDO shares continue higher after Todou and Youku agree to $1.1 billion merger. The company has a market cap of 1.23 billion.

Coleman Cable, Inc. (NASDAQ:CCIX) is down 21.72% in midday trading at $10.16. CCIX is down on heavy volume today with nearly 700 thousand shares traded. The stock trades 52 thousand shares a day on average. CCIX shares are plummeting today after forecasting first quarter earnings below analysts’ estimates due to the price volatility in copper. The company has a market cap of 176.27 million.

Powerwave Technologies, Inc. (NASDAQ:PWAV) is down 12.19% today at $1.7650. PWAV has traded more than 2 million shares today, 3 times its average volume. PWAV shares are pulling back today after jumping about $0.60 a share yesterday. The company has a market cap of 55.23 million.

Majesco Entertainment Company (NASDAQ:COOL) is down 12.12% today at $2.61. COOL has traded just over 2 million shares today, more than double its average volume. COOL shares are down today on the company’s weak forecast. The company has a market cap fo 104.36 million.

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About Rachel Brook

Rachel Brook is an up and coming financial writer focusing on commodity price inflation and how the overall market reacts to the price swings. She also covers emerging markets in Africa and SE Asia.

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