Stocks In Positive Territory As Market Falters: GTXI, PBY, RENN, MOBI, CIGX, DAL

The stock market is faltering this morning as Europe grabs investors’ attention again. Greece is the focal point this morning as they have still not completed a deal with their creditors. All last week everyone heard how close they were and that it would be done by the end of the week and yet here we are with no deal done. Greece and Germany have been arguing recently over Greece’s bailout with one German official saying a Greek bailout is not guaranteed. The major indices are all down more than 0.5% with the Dow down 94 points, the Nasdaq off 18 points and the S&P 500 down 11 points.

GTx, Inc. (NASDAQ:GTXI) is up 35.08% this morning at $5.33. GTXI has traded 2 million shares so far today, 20 times the stock’s daily average. GTXI shares are rising today after Citi raised price target on stock to $19. The company has a market cap of 330.28 million. Check out one of the best swing traders on the street.

Pep Boys (NYSE:PBY) is up 22.97% today at $14.85. PBY has traded 10 million shares so far today, way above its daily average of 504 thousand shares. PBY shares are jumping after private equity firm Gores Group said it would acquire Pep Boys for $1 billion. The company has a market cap of 782.89 million.

Renren Inc. (NYSE:RENN) is up 9.33% in early trading at $5.73. RENN has traded 19.5 million shares this morning, nearly 5 times its daily average volume. RENN shares have rallied nearly 50% in the past two days as news of a Facebook IPO has sent the stock higher. The company has a market cap of 2.29 billion.

Sky-mobi Limited (NASDAQ:MOBI) is up 11.59% today at $4.14. MOBI has traded 623 thousand shares so far today, more than 3 times its daily average. MOBI shares are up more than $0.60 in the past few days as the stock is bouncing back after seeing a slight pull back earlier this month. The company has a market cap of 130.64 million. Check out one of the best swing traders on the street.

Star Scientific, Inc. (NASDAQ:CIGX) is up 2.30% this morning at $2.8950. CIGX has traded 1.5 million shares so far today, 300 thousand more shares than it trades on average. CIGX shares are slightly higher today after its subsidiary reported positive results from clinical trial. The company has a market cap of 394.36 million.

Delta Air Lines Inc. (NYSE:DAL) is up 2.41% today at $10.65. DAL has traded 5.1 million shares so far today and trades 12 million shares a day on average. DAL shares are up today on news that the company may bid for US Airways. The company has a market cap of 8.91 billion.

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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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