Convergys Corporation (NYSE:CVG) is up 8.62% this morning at $13.81. CVG has traded 1.2 million shares so far today, well above its daily average of 591 thousand shares. Convergys stock is rallying today on news the company will sell its business segment to NEC for $449 million. The company has a market cap of 1.61 billion.
Sturm, Ruger & Company, Inc. (NYSE:RGR) is up 8% today at $45.68. RGR has traded 428 thousand shares this morning, about double its average volume. RGR shares are up this morning after the company announced it was not taking any new orders at this time due to overwhelming demand. The company added that it will begin taking new orders again sometime in May. The company has a market cap of 873.65 million.
Watson Pharmaceuticals, Inc. (NYSE:WPI) is up 3.53% in early trading at $65.90. WPI has traded 3.4 million shares so far today, above its daily average of 2.1 million shares. Watson stock jumped up this morning as speculation continues that it was planning to make a bid for Actavis. The company has a market cap of 8.46 billion.
Discover Financial Services Company (NYSE:DFS) is up 3.89% today at $32.83. DFS has traded 4.3 million shares so far today and trades 5 million shares a day on average. Discover Financial Services renewed their projection of 10% to 15% in annual earnings growth at their investor conference today. The company has a market cap of 17.35 billion.
Dollar General Corporation (NYSE:DG) is up 3.53% this morning at $46.32. DG has traded 1.5 million shares in early trading and is close to passing its daily average volume of 1.59 million shares. Dollar General stock rose today after the company posted holiday quarter earnings. The company’s profit jumped to $292.5 million or $0.85 per share in the fourth quarter. This is up from $22.5 million or $0.64 per share last year. Adjusted EPS came in at $0.87, analysts were expecting EPS of $0.82 per share. The company has a market cap of 15.88 billion.
Western Digital Corporation (NYSE:WDC) is up 3.19% today at $40.17. WDC has traded 2.9 million shares so far today and trades 3.7 million shares a day on average. Western Digital was upgraded by Needham from buy to strong buy this morning. The company has a market cap of 9.53 billion.
Radioshack Corporation (NYSE:RSH) is up 0.15% this morning at $6.49. RSH was trading as high as $6.60 earlier today. RSH has traded over 2 million shares so far today and trades 4.7 million shares a day on average. Radioshack announced earlier today southeast Asia expansion with Berjaya Master agreement. The company has a market cap of 645.10 million.
About Martin Stephenson
