KGJI, IO, PVA, SYNC, CELL, DUSA Are Rallying This Morning

Wall StreetKingold Jewelry, Inc. (NASDAQ:KGJI) is up 19.22% today at $1.99. KGJI has traded 858 thousand shares so far today, well above its daily average of 172 thousand shares. Kingold Jewelry announced today that it will issue its first quarter results on May 9 after market close and will hold a conference call the following morning. The company has a market cap of 106.21 million.

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ION Geophysical Corporation (NYSE:IO) is up 19.67% this morning at $7.54. IO has traded 3.8 million shares so far today, more than double its daily average. ION announced first quarter results today and beat EPS estimates by $0.01 and also beat on revenue. Revenue came in at $111.7 million and net income was $0.05 per share. The company has a market cap of 1.17 billion. [Read more...]

NASDAQ Stocks Rallying Despite Down Market: EBTX, DUSA, MDSO, SHFL, OVTI, PRMW

Nasdaq stocksStocks slide the most in three months this morning as concerns that Greece and private bondholders may not meet an upcoming deadline grows. Bondholders have till Thursday night to accept a bond swap in which they would lose three-quarters of their bonds’ worth. The overall market is also looking overbought as there hasn’t been a meaningful pullback since the rally started late last year.

In early trading the Dow is down 159 points, the Nasdaq is down 37 points and the S&P 500 is down 17 points.

Encore Bancshares, Inc. (NASDAQ:EBTX) is up 35.35% at $20.17 today. EBTX has traded 375 thousand shares so far today, way above its daily average of 14 thousand shares. EBTX shares are up today after Cadence Bancorp announced the acquisition of Encore Bancshares for $250 million. The company has a market cap of 235.45 million. [Read more...]

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