Stocks are looking to finish in positive territory today thanks to earnings from banks, strong demand at bond auctions in Europe and decent jobs numbers. Spain and France both saw strong demand at their most recent government debt auctions. Closer to home, weekly jobless claims came in at 352,000. This is the lowest they’ve been in four years. Jobless claims under 375,000 show strength in the jobs market and can lower the unemployment rate. The indices are up in the last hour of trading with the Dow jumping 36 points, the Nasdaq up 18 points and the S&P up 6 points.
8×8 Inc. (NASDAQ:EGHT) is up 26.25% today at $4.30. EGHT shares are up after reporting earnings yesterday that exceeded expectations. EGHT reported revenue of $23 million and EPS of $0.04, both beating analysts estimates. EGHT has traded huge volume today with 6.3 million shares traded, ten times its daily average. The company has a market cap of 299.74 million.
NetScout Systems, Inc. (NASDAQ:NTCT) is up 17.07% in afternoon trading at $19.97. NTCT has traded 1.1 million shares today, well above its daily average of 283 thousand shares. NTCT shares rose after their third quarter earnings beat estimates. The company reported an EPS of $0.35, beating estimates by $0.02. Revenue rose more than 9% to $83.3 million. The company has a market cap of 826.90 million.
CNinsure Inc. (NASDAQ:CISG) is up 24.89% in late day trading at $8.73. CISG shares jumped on big volume today with 987 thousand shares traded, well above its daily average of 354 thousand shares. No recent news today, but volume saw a big increase in the last few hours as traders poured into this stock. The company has a market cap of 437.53 million.
HyperDynamics Corporation (NYSE:HDY) is up 12.54% today at $3.23. HDY traded 4.1 million shares today, a million more shares than it trades on average. HDY shares are up more than $1 a share since mid December. The company has a market cap of 505.31 million.
Energy Conversion Devices (NASDAQ:ENER) is down 22.05% today at $0.99. ENER shares are falling on heavy volume with 14.3 million shares traded. ENER is selling off big today after seeing a jump of more than $1 a share this month. The company has a market cap of 52.74 million.
Sealy Corporation (NYSE:ZZ) is down 17.39% today at $1.52. ZZ has traded 1.9 million shares so far today, way above its daily average of 348 thousand shares. ZZ shares dipped today as analysts downgrade stock following lower quarterly sales. The company has a market cap of 153.25 million.
Trina Solar Limited (NYSE:TSL) fell 15.60% today at $8.28. TSL has traded 8 million shares so far today, more than twice its daily average. The solar sector was hit hard today after Germany said it will make monthly subsidy cuts to slow demand in the country. The company has a market cap of 583.25 million.
JA Solar Holdings Co., Ltd. (NASDAQ:JASO) is down 14.69% today at $1.80. JASO fell on big volume with 28 million shares traded, more than six times its daily volume. JASO shares fell for the same reason TSL shares fell. The company has a market cap of 296.38 million.
Leave a ReplyWant to join the discussion?
Feel free to contribute!