Midday Movers: SCEI, ALSK, GALE, VRNG, AMRN, FCEL

list of nasdaq stocks

Stocks are trading negative in midday trading due to lack of economic news and the upcoming weekend. Traders usually close positions before the weekend to avoid any kind of breaking news that could affect the market on Monday. The Dow is trading down 27 points, the Nasdaq is down 10 points and the S&P 500 is down 5 points.

Sino Clean Energy Inc. (NASDAQ:SCEI) is up 34.43% in midday trading at $2.8310. SCEI has traded 4.8 million shares so far today, well above its daily average of 416 thousand shares. SCEI shares have jumped nearly 100% over the past two trading days. Sino Clean continues to go higher after news on March 1 about their finances. The company has a market cap of 66.74 million.

Alaska Communications Systems Group (NASDAQ:ALSK) is up 12.94% today at $3.49. ALSK has traded 2.5 million shares so far today, well above its daily average of 926 thousand shares. Alaska Communications reported fourth quarter results late yesterday. The company reported earnings of $0.05 per share, beating estimates of $0.04 per share. The company has a market cap of 158.68 million.

Galena Biopharm, Inc. (NASDAQ:GALE) is up 10.95% in midday trading at $1.4202. GALE has traded 3.6 million shares so far today, more than 4 times its average volume. GALE shares are up nearly 300% so far this year. The company has a market cap of 62.33 million.

Vringo, Inc. (AMEX:VRNG) is up 9.73% today at $1.5801. VRNG has traded 1.3 million shares so far today, well above its daily average of 575 thousand shares. VRNG shares are up more than $0.60 so far this year. The company has a market cap of 9.72 million.

Amarin Corporation (NASDAQ:AMRN) is down 13% today at $7.64. AMRN has traded 6.7 million shares so far today, more than triple its average volume. AMRN shares are down after the U.S. patent office rejects their patent application on Feb. 29. The company has a market cap of 1.03 billion.

FuelCell Energy, Inc. (NASDAQ:FCEL) is down 7.48% in midday trading at $1.36. FCEL has traded 1.5 million shares so far today and trades a little over 1.5 million shares a day on average. Despite being down today, FCEL shares are up about $0.50 a share on the year. The company has a market cap of 188.46 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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