Stocks Trending Higher This Morning: CTIC, PETS, PCX, SHLD, BAC, AMD

Stocks are have lost some of their early gains but are still positive in mid morning trading. Investors continue to be hesitant in this market as Europe continues to dominate the headlines. Finance ministers across Europe are discussing the terms of Greece’s debt restructuring in order for the country to receive another bailout package. Research In Motion is taking a hit this morning as well following the appointment of a new CEO.

Let’s take a look at which stocks are posting strong gains this morning.

Cell Therapeutics, Inc. (NASDAQ:CTIC) is up 12.98% this morning at $1.48. CTIC shares have jumped nearly $0.40 a share in the past few days. Late last week, Cell Therapeutics said it expects the European Medicines Agency’s Committee for Medical Products for Humna Use may issue an opinion on the marketing authorization application on Pixuvri in mid-February. CTIC has traded 5.2 million shares already today, four times its daily average. The company has a market cap of 271.94 million.

PetMed Express, Inc. (NASDAQ:PETS) is up 13.40% in early trading today at $12.70. PETS shares jumped today after the company posted a surprising fiscal third quarter profit increase. Revenue rose 12% in the fiscal third quarter as well. PETS has traded more than a million shares this morning, five times its average volume. The company has a market cap of 250.37 million.

Patriot Coal Corporation (NYSE:PCX) is up 9.12% today at $8.20. PCX has traded 5.9 million shares this morning and should have no problem eclipsing its daily average of 6.5 million shares. No recent news for PCX, but the stock had taken a hit in recent days due to falling natural gas prices. The company has a market cap of 753.46 million.

Sears Holdings Corporation (NASDAQ:SHLD) is up 9.82% this morning at $53.81. SHLD has traded 4.2 million shares so far today, three times its daily average. SHLD shares have jumped up more than $20 a share since the first of the year. Some analysts have attributed this jump to a classic short squeeze scenario and believe that the stock will come back down in price. The company has a market cap of 5.70 billion.

Bank of America Corporation (NYSE:BAC) is up 3.52% today at $7.32. BAC has traded 145.7 million shares so far this morning and trades 270.3 million shares a day on average. BAC shares are up about $1.50 a share since the start of the new year. Earnings from last week were mixed with weak loan growth and trading results, but the company’s balance sheet continues to improve. The company has a market cap of 77.03 billion.

Advanced Micro Devices, Inc. (NYSE:AMD) is up 1.56% today at $6.52. AMD has traded 9.5 million shares so far today and trades 15.8 million shares a day on average. AMD shares are up $0.70 a share in the past five days. AMD is set to release earnings tomorrow. The company has a market cap of 4.54 billion.

written by

An avid market watcher, Martin enjoys the tech arena the most with the Nasdaq being his main area of focus. A finance major, Martin is working to the goal of one day ringing the bell at the NYSE.
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