Stocks With Unusually High Volume: SNDA, HAIN, ASPS, SIG, BYI
Shanda Interactive Entertainment Ltd. (NASDAQ:SNDA) is up 2.44% at $40.35 in afternoon trading. SNDA has traded 642 thousand shares so far today, well above its daily average of 176 thousand shares. The Chinese online gaming company goes private after agreeing to a deal that values the company at $2.3 billion. Shanda Interactive recieved the buyout proposal back in October and was from a group led by its president and CEO, Tianqiao Chen. The company has a current market cap of 2.28 billion.
The Hain Celestial Group, Inc. (NASDAQ:HAIN) is up 3.45% at $36.60 today. HAIN has traded 447 thousand shares so far today, 100 thousand more than its daily average. The stock is up today after the company announced it will present at J.P. Morgan SMid Cap Conference. The company has a current market cap of 1.61 billion.
Altisource Portfolio Solutions (NASDAQ:ASPS) is up 2.12% at $46.29 today. ASPS has traded 86 thousand shares today. This is above its daily average of 78 thousand shares. ASPS has been in steadily climbing since September when it was trading around $34. The company has a current market cap of 1.11 billion.
Signet Jewelers Limited (NYSE:SIG) is up 1.22% at $44.07 today. SIG has traded 1.1 million shares so far today and is just below its daily average of 1.2 million shares. Signet released quarter results today that beat analysts expectations by $0.10 and beat on revenue. Same store sales were up 10.6% year over year. The company has a current market cap of 3.81 billion.
Bally Technologies, Inc. (NYSE:BYI) is up 2.16% at $37.80. BYI has traded 547 thousand shares so far today and should have no problem going over its daily average of 606 thousand shares. BYI has been trading in the range of $36 to $37 for most of the month before breaking above $37 today. The company has a current market cap of 1.64 billion.
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