Stocks Under $5 Posting Gains This Morning: ARNA, SVNT, KGJI, OMX, GMXR, CTIC, JMBA

Wall Street signPolitical uncertainties in Greece have sent the markets down 1% this morning. A coalition has yet to be formed in Greece by the conservative party. This gives the Left Coalition party, which opposes the EU/IMF bailout, a chance to form a government. Analysts are skeptical of a government being formed and believe another election could be held as early as June.

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While Europe dominates the headlines again today, investors will also be looking at economic data closer to home this week. The jobless numbers will be extremely important to watch since they have been disappointing lately.

The Dow is currently down 100 points, the Nasdaq has dropped 33 points and the S&P 500 is down 12 points. [Read more...]


Wall Street signFrustration at the local level finally boiled over into the political process in France and Greece over the weekend. In France, Sarkozy was ousted in favor of the socialist candidate Hollande. Greece saw their pro-bailout parties lose their ability to form a clear cut ruling majority. Greece’s outcome has more of an immediate impact in the short-term, while the French result is more of a wait and see.

Hollande ran on political promises that would lead the country away from more austerity measures in favor of more growth oriented policies. This may cause a rift with German Chancellor Merkel over the ECB rescue pacts.

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Domestically, the lack of economic data today has all eyes on Europe to see what shakes out. The Dow is currently down 57 points, the Nasdaq 10 and the S&P 4. [Read more...]

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...]

6 Nasdaq Stocks Falling In Midday Trading: KGJI, NBIX, GALE, AONE, OCLR, APOL

Nasdaq StocksKingold Jewelry Inc. (NASDAQ:KGJI) is down 20.73% in midday trading at $1.4190. KGJI has traded 768 thousand shares so far today, well above its daily average of 164 thousands shares. Kingold Jewelry announced fourth quarter results after market close yesterday. Revenue for the fourth quarter was down from the previous year to $168.5 million with net income coming in at $0.06 per share. The company has a market cap of 73.29 million.

Neurocrine Biosciences, Inc. (NASDAQ:NBIX) is down 12.12% today at $7.90. NBIX has traded 2.5 million shares at midday, 4 times its average volume. NBIX shares are down today after the company announced data from one of its testing sites had to be removed from test results due to inconsistencies. The company has a market cap of 524.61 million. [Read more...]

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