NASDAQ:DSCO

7 NASDAQ Stocks Stumbling This Morning: DNDN, SIGM, ZLTQ, FSYS, SMTC, DSCO, GMCR

March 8, 2012 By Leave a Comment

NasdaqStocks are trading higher this morning thanks to optimism that Greece will complete its debt swap deal. Investors seemed to ignore the slightly negative jobless data today as weekly claims jumped 8,000 last week to 362,000. Economists were expecting claims to remain at 351,000. The major stock indices have given up some of their early gains, but remain positive right now. The Dow is up 40 points, the Nasdaq is up 17 points and the S&P 500 is up 7 points.

Dendreon Corporation (NASDAQ:DNDN) is down 14.90% this morning at $9.25. DNDN has traded 13.1 million shares so far today, 3 million shares more than its daily average. DNDN shares are taking a hit today after its rival Johnson & Johnson’s prostate drug beats placebo in trial. The company has a market cap of 1.35 billion. [Read more...]

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Active Penny Stocks to Watch for March 8

March 7, 2012 By Leave a Comment

penny stocksThe markets rebounded today on the back of positive payroll data. The ADP report came out saying there was an increase of over 260l jobs in February. What the translates to the unemployment rate will be revealed on Friday. The rally domestically is having a carryover effect in Asia. Asian markets are all advancing on the back of the US rally along with optimism over the Greek debt-swap. It remains to be seen if this will give the markets some clear direction in which way to head.

Penny Stocks to Watch

Discovery Laboratories, Inc. (NASDAQ:DSCO) closed the day up 8.80% today at $4.08. DSCO traded 25.8 million shares today, well above its daily average of about 1 million shares. DSCO shares rallied today after the company’s drug, Surfaxin, was approved by the FDA. The company has a market cap of 99.96 million. [Read more...]

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ADP Numbers Buoy Stock Futures. Stocks to Watch: DSCO, NFLX, ZNGA, MU, RENN, P, CSIQ

March 7, 2012 By Leave a Comment

Stock FuturesAfter yesterday’s drubbing, the market is looking to regain some of its footing. Greek debt worries still remain, but it seems the ‘shrugging off’ attitude has returned to the street. Plus there is going to be a new iPad today. Nothing like a shiny new toy to shift attention. Dow futures are currently up 44 points to 12,788. Nasdaq 100 futures are up 11.25 points to 2,601. The S&P 500 futures are rounding out the pre-market gains, up 5 points to 1,347.

Private sector employment numbers continue to show growth, adding 216k jobs in February. What this translates to the non-farm payrolls will be unveiled later this week. Probably not as good, but this is a positive sign for the labor market.

Most of the major markets are rebounding after yesterday’s losses. More of a take a breather day. The exception being Asia, which responded to the red day on the street. [Read more...]

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Stock Market Higher and 6 Nasdaq Stocks: SHLD, ANGI, MELA, DSCO, DRYS, CLWR

February 23, 2012 By Leave a Comment

Wall Street

Jobless Data

Stocks are trading higher this morning as jobless data showed the labor market continues to slowly recover. Initial claims came in at 351,000 and were unchanged from last week’s revised numbers. Most economists were expecting initial claims to rise to 354,000. The improving jobs market is seen as a win for President Obama as he begins to ramp up his reelection campaign. Voters have stressed in poll after poll that jobs are the most important issue to them in the November election.

Gas Prices On The Rise

Oil prices continue to rise today and are over $106/barrel and will soon be reflected at the gas pump. Some people contribute this rise to oil speculators which is somewhat true, but it is also the ongoing tensions between Iran and Western countries that are fueling this price increase. Analysts expect gas prices to rise to over $4 this spring and may even hit $5 a gallon by summer. One plus for consumers is the relatively mild winter has kept natural gas prices low. [Read more...]

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Stock Movers As Market Trades Flat: RLD, DSCO, CEDC, SHOR, ANF, AMP

February 2, 2012 By Leave a Comment

Stocks are trading relatively flat this morning as traders react to a lackluster outlook of the economy from Fed chairman Ben Bernanke. Investors also reacted to an encouraging jobless claims report. Bernanke urged Congress not to cut deficits with policies that could help boost the weak economy in the short run. The Nasdaq is leading the charge in the market today and is up 15 points. The Dow and S&P are up 9 points and 3 points respectively.

RealD Inc. (NYSE:RLD) is up 16.84% this morning at $11.38. RLD has traded 1.1 million shares so far today, more than double its daily average of 509 thousand shares. RLD shares are up today after posting strong third quarter results. RealD beat estimates on revenue with $49 in revenue, estimates were $42.4 million. RealD profit was $0.05, in line with estimates. The company has a market cap of 617.52 million.

Discovery Laboratories, Inc. (NASDAQ:DSCO) is up 14.89% in early trading at $2.5620. DSCO has traded 1.9 million shares so far today, way above its daily average of 162 thousand shares. DSCO shares rose today after the company gets FDA ok for aerosol medicines delivery system. The company has a market cap of 63.45 million.

Central European Distribution Corp. (NASDAQ:CEDC) is up 18.83% this morning at $5.30. CEDC has traded 2.8 million shares so far today, well above its daily average of 2.3 million shares. CEDC shares are up after Russian Standard to increase stake in the company. The company has a market cap of 385.66 million.

ShoreTel, Inc. (NASDAQ:SHOR) is down 16.01% today at $5.72. SHOR has traded 1.3 million shares so far today, 6 times its daily average. ShoreTel announced it will buy M5 Networks for about $146.3 million. The company has a market cap of 269.86 million.

Abercrombie & Fitch Company (NYSE:ANF) is down 12.78% this morning at $40.81. ANF has traded 7.4 million shares today, more than double the stock’s average volume. ANF shares fell after the company posted a weak outlook. Abercrombie expects fourth quarter earnings of $1.10-$1.15, short of the consensus of $1.54. The company has market cap of 3.56 billion.

Ameriprise Financial, Inc. (NYSE:AMP) is down 6.79% this morning at $51.07. AMP has traded 4.5 million shares so far today, well above its daily average of 2.3 million shares. AMP shares fell today after the company missed its quarter results by $0.35 and saw profit fall 22%. The company has a market cap of 11.58 billion.

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Midday Winners: AVNW, LCAV, BVSN, DSCO, ITMN, JNPR, KRO

January 9, 2012 By Leave a Comment

Aviat Networks, Inc. (NASDAQ:AVNW) is up 20.62% in midday trading at $2.1350. AVNW has traded 463 thousand shares so far today, well above its daily average of 362 thousand shares. AVNW shares are up today after the company reaffirmed its second quarter revenue guidance. The company has a market cap of 131.01 million.

LCA-Vision Inc. (NASDAQ:LCAV) is up 13.22% at $5.14. LCAV has traded 257 thousand shares so far today, more than double its daily average. LCAV shares are up more than $2 a share since last Tuesday. The company has a market cap of 97.26 million. Sign Up For Our Free Weekly Newsletter

BroadVision, Inc. (NASDAQ:BVSN) is up 14.08% today at $14.50. BVSN is up on heavy volume with 409 thousand shares traded so far today, more than ten times its daily volume. The company has a market cap of 64.61 million.

Discovery Laboratories Inc. (NASDAQ:DSCO) is up 12.50% in midday trading at $1.98. DSSCO has traded 234 thousand shares today, 100 thousand shares more than its daily average. DSCO shares are up about $0.30 since last Tuesday. The company has a market cap of 48.75 million.

InterMune Inc. (NASDAQ:ITMN) is up 10.76% in midday trading at $16.67. ITMN is up on above average volume with 3.2 million shares traded, well above its daily average of about 2 million shares. ITMN shares have jumped close to $4 since last Thursday. The company has a market cap of 1.08 billion.

Juniper Networks, Inc. (NYSE:JNPR) is up 7.05% today at $21.87 JNPR has traded 9.1 million shares so far today and should have no problem eclipsing its daily average of 9.7 million shares. JNPR had been trading relatively flat the past week or so before today’s big move up. The company has a market cap of 11.50 billion.

Kronos Worldwide Inc. (NYSE:KRO) is up 5.53% in midday trading at $22.90. KRO has traded 2 million shares today, more than double its daily average of 756 thousand shares. KRO shares have jumped more than $4 over the past week. The company has a market cap of 2.67 billion.

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