Stocks Erase Most of their Losses, Stock Movers: HMSY, CHTP, EMMS, GNW, KGJI, RBS

Floor of the New York Stock ExchangeStocks finish slightly lower today after being down more than 1% earlier in the trading day. Investors took no news as good news this afternoon as German Chancellor Angela Merkel canceled her EU summit press conference tonight. This gave some hope that EU leaders are working toward a solution. Sign Up For Free Stock Alerts

Stocks were down big earlier in the day as worries over the EU debt crisis and the surprising Supreme Court decision on healthcare shook the market. Tomorrow should be an interesting day as we look to see what if any solution has been fleshed out of the 2 day EU summit.

The Dow ended the day down 24 points, the Nasdaq down 25 points and the S&P 500 down 2 points.

HMS Holdings Corp. (NASDAQ:HMSY) ended the day 14.25% higher at $31.75. HMSY traded 6.1 million shares today, 6 times its normal trading volume. HMSY saw its price target raised to $37 from $32 at Dougherty earlier this afternoon. The company has a market cap of 2.73 billion.

Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) closed up 12.12% today at $1.48. CHTP traded average volume today with 1.3 million shares traded. CHTP shares bounced some today after the stock fell from $1.55 to $1.30 over the past week. The company has a market cap of 99.22 million.

Emmis Communications Corp. (NASDAQ:EMMS) finished Thursday up 12.18% at $1.75. EMMS traded 917 thousand shares today, well above its daily average of 260 thousand shares. EMMS shares rose today after the company aligns with TuneIn to expand to new audiences. The company has a market cap of 67.90 million.

Genworth Financial Inc. (NYSE:GNW) closed today up 10.59% today at $5.43. GNW traded 19.9 million shares, 8 million shares more than its daily average. GNW shares rallied today as Highfields increased its stake in the company. The company has a market cap of 2.67 billion.

Kingold Jewelry, Inc. (NASDAQ:KGJI) fell 26.34% today at $1.37. KGJI traded 657 thousand shares today, double its average volume. KGJI shares fell today after the company filed to sell common stock. The company has a market cap of 71.20 million. Sign Up For Free Stock Alerts

The Royal Bank of Scotland Group plc (NYSE:RBS) dropped 9.96% today at $6.60. RBS traded 1.3 million shares today, well above its daily average of 171 thousand shares. RBS shares are down today as LIBOR probe widens to include more banks in the U.S. and Europe.

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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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