Stocks are down big this morning due to fears that Spain will need a full sovereign bailout and worries that Greece may leave the euro. Bond yields in Spain are hitting their highest levels since the euro was introduced in 1999. Last week, finance ministers agreed to terms for a loan of up to 100 billion euros for Spain to recapitalize their banks.
Peet’s Coffee & Tea, Inc. (NASDAQ:PEET) is up 28.90% today at $73.68. PEET has traded 842 thousand shares this morning, 4 times its daily average. PEET shares are up today after the company agrees to be bought by Joh. A. Benckiser for $1 billion. The company has a market cap of 977.05 million.
GeoEye, Inc. (NASDAQ:GEOY) is up 23.47% this morning at $18.73. GEOY has traded 601 thousand shares so far today, well above its daily average of 266 thousand shares. GEOY shares are up today on news DigitalGlobe will buy the company for $453 million. The company has a market cap of 435.81 million.
Synacor, Inc. (NASDAQ:SYNC) is up 14.04% today at $12.83. SYNC has traded 554 thousand shares so far today and trades 1.1 million shares a day on average. SYNC shares are bouncing today after the stock fell $4 a share late last week. The company has a market cap of 336 million.
RailAmerica, Inc. (NYSE:RA) is up 9.67% today at $27.21. RA has traded 2.4 million shares so far today, well above its daily average of 231 thousand shares. Genesee & Wyoming to buy RailAmerica for $1.39 billion. The company has a market cap of 1.37 billion.
NRG Energy, Inc. (NYSE:NRG) is up 7.53% today at $19.41. NRG has traded 7.1 million shares so far today, more than double its normal volume. NRG shares are surging higher this morning on GenOn deal. The company has a market cap of 4.43 billion.
Eaton Corporation (NYSE:ETN) is up 3.07% today at $40.26. ETN has traded 1.8 million shares so far today and trades 5.2 million shares a day on average. ETN shares are rising today after posting higher second quarter profits. The company has a market cap of 13.54 billion.
About Kyle Pinder
