Stocks With Gains of 10% or More: INHX, MDAS, CLWR, ALJ, AMAG

Inhibitex, Inc. (NASDAQ:INHX) is up 97% this morning at $7.81. INHX shares rose as the company releases third quarter results that beat by $0.01 and provide new data on its clinical trail for INX-189. INHX is up on over 11 million shares in volume this morning, 20 times more than its average. INHX has been going straight up since the early October when the stock was trading around $2.40. The company has a current market cap of 626 million.

MedAssets, Inc. (NASDAQ:MDAS) is up 22% this morning at $12.70. MedAssets gaped up this morning after releasing quarterly results that beat all expectations. MDAS beat on EPS by $0.10, beat revenues and guidance for the fiscal year was above analysts consensus. MDAS has traded over 1.1 million shares today, double its normal volume. The company has a current market cap of 749 million.

Clearwire Corporation (NASDAQ:CLWR) is up 16% this morning at $2.03. Sprint said it may use debt to fund Clearwire. CLWR has traded over 13 million shares following this news, 5 million more than its daily average. Clearwire has a current market cap of 509 million.

Alon USA Energy, Inc. (NYSE:ALJ) is up 16% this morning at $9.10. Alon Energy released their third quarter results yesterday after market close. The company saw a net income of $28.6 million or $0.51 per share. This is compared to the net loss the company took in the same period last year. ALJ has traded over 358 thousand shares this morning, already above its daily volume for the day. ALJ has a current market cap of 507 million.

AMAG Pharmaceuticals, Inc. (NASDAQ:AMAG) is up 14% this morning at $15.74. AMAG has traded over 445 thousand shares this morning after the company reported third quarter results. AMAG had a loss of $0.78 per share in the third quarter, but it was $0.20 better than expected. Revenues rose more than expected as well. The company also announced that its CEO is stepping down immediately and it will cut 25% of its workforce. AMAG has a current market cap of 333 million.

Openwave Systems Inc. (NASDAQ:OPWV) is up 10% at $1.73 this morning. Shares of Openwave jumped today following first quarter profits and a Microsoft deal to license its patent portfolio. OPWV has traded over 4.2 million shares this morning, 4 times its average volume. The company has a current market cap of 149 million.

Universal Display Corporation (NASDAQ:PANL) is up 10.3% at $49.02 this morning. PANL has traded over 2 million shares so far today, just under its daily average. Universal Display releases their third quarter results on November 8. The stock has been trading in a range of $45 to $50 for about the past month now. PANL’s current market cap is 2.22 billion.

written by Danny Fisher

Danny is the old hat at Active Investor. One of the been around the block a few times traders, his main focus is on overall market conditions. Be it some new merger talk or Washington being Washington, you can expect Danny will be on top of it.

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