Midday Movers for 2/7: MNI, SWI, SPF, BVSN, NGSX, BPAX

Stocks have recovered from early losses today as investors continue to eye Europe and Greece specifically. Ben Bernanke is testifying before Congress right now and has reiterated his vow to protect the U.S. from Europe fallout. Whether or not he can actually follow through with his promise remains to be seen, but investors like what they are hearing. While the major indices opened the day lower, they are now rallying into positive territory. The Dow is up 31 points, the Nasdaq is up 5 points and the S&P is up 2 points.

McClatchy Company (NYSE:MNI) is up 24.55% today at $2.79. MNI has traded 2.1 million shares so far today, nearly double its daily average. MNI shares are up today thanks to positive fourth quarter results from the company. Net income rose to $42 million compared to $15.7 million a year ago. The company has a market cap of 238.28 million.

Solarwinds, Inc. (NYSE:SWI) is up 9.56% in midday trading at $36.45. SWI has traded 2.5 million shares today, more than double the stock’s daily average. Solarwinds is rallying today after fourth quarter results. Solarwinds beat estimates by $0.04 and beat on revenue. The company reported EPS of $0.29 per share and revenue rose 34.3% from last year to $55.6 million. The company has a market cap of 2.66 billion.

Standard Pacific Corp. (NYSE:SPF) is up 16.42% today at $4.71. SPF has traded 8.5 million shares so far today, 4 times its daily average. Standard Pacific is rallying today after posting strong quarter results. The ocmpany beat estimates on earnings and revenue. SPF reported net income of $15.3 million and $293.16 million in revenue. The company has a market cap of 939.17 million.

BroadVision, Inc. (NASDAQ:BVSN) is down 10.65% in midday trading at $35.25. BVSN has traded 1.5 million shares today, well above its daily average of 344 thousand shares. BVSN shares are dipping today after climbing about $20 a share since last Wednesday. The company has a market cap of 156.72 million.

NeurogesX, Inc. (NASDAQ:NGSX) is down 22.14% today at $0.8970. NGSX has traded 1.7 million shares today, 8 times its daily average. NGSX shares are down today after FDA staff says patch for HIV pain might not work. The company has a market cap of 26.42 million.

BioSante Pharmaceuticals, Inc. (NASDAQ:BPAX) is down 15.24% today at $0.89. BPAX has traded 23.2 million shares so far today, 4 times its daily average. BPAX shares are falling today after the stock rose more than $0.40 over the past week. The company has a market cap of 99.02 million.

written by

An avid market watcher, Martin enjoys the tech arena the most with the Nasdaq being his main area of focus. A finance major, Martin is working to the goal of one day ringing the bell at the NYSE.
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