All three major stock averages are down this morning after weekly jobless claims jumped 46,000 to a seasonally adjusted 388,000. Last week those numbers fell dramatically, but were distorted because one large state did not post its claims numbers.
In Europe, EU leaders are preparing to meet at a summit in Brussels as they try to overcome differences over plans for a banking union. According to reports, Greece, Spain and Cyprus will not be topics discussed at the summit.
The Dow is down 3 points, the Nasdaq is down 15 points and the S&P 500 is down 2 points.
Cybex International Inc. (NASDAQ:CYBI) is up 82.22% today at $2.46. CYBI has traded 528 thousand shares so far today, well above its daily average of 14 thousand shares. CYBI shares are up after Cybex announced a “going private” merger for $2.55 per share. The company has a market cap of 42.17 million.
Orient-Express Hotels Ltd. (NYSE:OEH) is up 37.69% this morning at $12.40. OEH has traded 5.02 million shares so far today, well above its daily average of 422 thousand shares. OEH shares are up today after IHCL offers $12.63 per share in cash for the company. The company has a market cap of 1.27 billion.
Broadwind Energy, Inc. (NASDAQ:BWEN) is up 34.10% today at $2.91. BWEN has traded 1.2 million shares so far today, well above its daily average of 71 thousand shares. BWEN shares are up today after the company wins $37 million in tower orders. The company has a market cap of 39.46 million.
Ethan Allen Interiors Inc. (NYSE:ETH) is up 23.09% this morning at $29.00. ETH has traded 1.4 million shares so far today, well above its daily average of 254 thousand shares. ETH shares are rallying today after beating EPS estimates by $0.09. Ethan Allen did miss on revenue though. The company has a market cap of 817.33 million.
Wesco International Inc. (NYSE:WCC) is up 13.92% today at $65.13. WCC has traded 1.9 million shares so far today, well above its daily average of 616 thousand shares. WCC shares are up on after beating earnings by $0.01 and seeing its third quarter profit jump by 17.6%. The company has a market cap of 2.82 billion.
Aegerion Pharmaceuticals, Inc. (NASDAQ:AEGR) is up 13.68% today at $21.77. AEGR has traded 1.7 million shares so far today, well above its daily average of 225 thousand shares. AEGR shares after FDA panel recommends lomitapide approval. The company has a market cap of 533.67 million.
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