Stocks Close Slightly Higher, Stock Winners and Losers: GTXI, LEE, SAH, TELK, HRG, MITK

Market newsStocks closed slightly higher today thanks to some positive news from the housing market. Volatility is still in the markets though as investors continue to worry about what is happening in Europe. It looks like hopes of a banking union in the eurozone were dashed today after Merkel came out against it any kind of shared liability for debt.

The Dow closed up 32 points today, the Nasdaq ended up 17 points and the S&P 500 closed 6 points higher.

GTX Inc. (NASDAQ:GTXI) closed up 19.02% on Tuesday at $3.63. Volume was above normal today with 382 thousand shares traded, 100 thousand shares more than its daily average. GTX announced presentations on the effect of Enobosarm on improving physical function in cancer patients. The company has a market cap of 227.98 million.

Lee Enterprises Inc. (NYSE:LEE) finished the day up 16.23% at $1.79. LEE traded 1.2 million shares today, more than 4 times its average volume. LEE shares have jumped about $0.50 a share over the past 3 days. The company has a market cap of 92.54 million.

Sonic Automotive Inc. (NYSE:SAH) ended the day up 11.27% at $13.53. SAH traded 2.9 million shares on Tuesday, above its average volume of 714 thousand shares. The company has a market cap of 719.04 million.

Telik Inc. (NASDAQ:TELK) closed down 20.27% today at $2.36. TELK traded over a million shares today, way above its average volume of just 30 thousand shares. The company has a market cap of 4.29 million.

Harbinger Group Inc. (NYSE:HRG) went down 13.05% today at $6.93. HRG traded 1.3 million shares today, 10 times its average volume. HRG shares were trading as low as $6.33 earlier today, but recovered some in the last hour of trading. The company has a market cap of 971 million.

Mitek Systems Inc. (NASDAQ:MITK) closed down 9.92% today at $3.54. MITK traded 790 thousand shares on Tuesday and trades 1.3 million shares a day on average. MITK shares have fallen more than $1 a share this week. The company has a market cap of 90.45 million.

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About MarcS

An experienced trader with a background in political science, Marc got his start as an individual trader surfing the old stock message boards. He is always on the lookout for the next big winner.

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