Midday Movers: MAN, HLIT, AMLN, FFN, KWK, AMZN

Stocks continue to rally today with each of the major indices up more than 1% today. Positive manufacturing data in China and Europe sent stocks up early. News out of Greece that a deal between the country and its creditors could be just a few hours away also help stocks this afternoon. Right now the Dow is up 124 points, the Nasdaq is up 36 points and the S&P 500 is up 15 points.

ManpowerGroup (NYSE:MAN) is up 13.21% today at $45.60. MAN has traded 2.3 million shares so far today and trades 1.1 million shares a day on average. MAN shares are up today after the company’s fourth quarter profit beat expectations. ManpowerGroup’s EPS also beat analyst estimates. The company has a market cap of 3.76 billion.

Harmonic Inc. (NASDAQ:HLIT) is up 11.73% today at 6.57. HLIT has traded 1.7 million shares so far today, more than double its daily average. HLIT shares are rallying this afternoon after the company announced its fourth quarter results. Harmonic beat estimates on revenue and EPS. The company has a market cap of 773.84 million.

Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) is up 11.68% today at $15.90. AMLN has traded 8.8 million shares so far today, well above its daily average of 2.6 million shares. Amylin shares are up today after the FDA approved its diabetes drug. The company has a market cap of 2.32 billion.

FriendFinder Networks Inc. (NASDAQ:FFN) is down 10.85% today at $1.1634. FFN has traded 1.7 million shares today, way above its usual volume of 281 thousand shares. FFN shares are dipping today after rallying earlier this week because of the Facebook IPO news. The company has a market cap of 36.53 million.

Quicksilver Resources Inc. (NYSE:KWK) is down 8.48% this afternoon at $4.580. KWK has traded 14.3 million shares so far today, 4 times its daily average. KWK shares are falling today after the company announced 2012 capital spending program of $370 million. The company has a market cap of 775.03 million.

Amazon.com, Inc. (NASDAQ:AMZN) is down 7.87% this afternoon at $179.17. AMZN has traded 17.7 million shares today, nearly triple its daily volume. AMZN shares fell after fourth quarter earnings fall and sales miss targets. Amazon reported a net income of $177 million or $0.38 a share, down from $416 million or $0.91 a share last year. Revenue jumped to $17.4 billion but missed analysts’ target of $18.3 billion. The company has a market cap of 81.17 billion.

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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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