Midday Movers: VRML, KERX, SYNM, GCA, VLO, HDY

NYSE stocks

Vermillion, Inc. (NASDAQ:VRML) is down 28% in midday trading at $2.16. VRML is tumbling on heavy volume today with 4.2 million shares traded so far today. The stock trades 293 thousand shares a day on average. VRML shares are slipping today after they rallied more than 100% yesterday following news of Category 1 CPT code approval for OVA1. Vermillion was also downgraded by Ladenburg Thalmann today sell from neutral. The company has a market cap of 31.79 million.

Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) is down 9.20% today at $3.98. KERX has traded 3.3 million shares so far today, about double its daily average volume. KERX shares are continuing their drop from yesterday and have fallen more than $1 in the past two days. The company has a market cap of 276.99 million.

Syntroleum Corporation (NASDAQ:SYNM) is down 7.83% in midday trading at $1.06. SYNM has traded just over 2 million shares so far today, 4 times its average volume. Syntroleum reported fourth quarter results earlier today. The company reported a fourth quarter operating loss of $796 thousand. The company has a market cap of 101.87 million.

Global Cash Access Holdings, Inc. (NYSE:GCA) is up 17.54% today at $6.30. GCA is up on heavy volume today with 2.8 million shares traded, well above its daily average of 443 thousand shares. Global Cash shares are rising today after announcing fourth quarter results. Fourth quarter EPS came in at $0.17 per share; analysts were expecting $0.13 per share. Global Cash issued fiscal year 2012 EPS guidance of $0.76 to $0.82. The company has a market cap of 409.02 million.

Valero Energy Corporation (NYSE:VLO) is up 6.24% today at $26.73. VLO has traded 13.4 million shares so far today, 4 million shares more than its daily average. VLO shares are rallying today after energy stocks got hit hard during yesterday’s sell off. The company has a market cap of 14.88 billion.

HyperDynamics Corporation (NYSE:HDY) is up 8.33% in midday trading at $1.43. HDY has traded 2.8 million shares today and trades 4.3 million shares a day on average. HDY shares are bouncing back some today. The stock has gotten hit hard on the year though as it is down about 50% since January. The company has a market cap of 233.54 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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