NASDAQ:SPRD

Hot Stocks to Watch: LF, SPRD, MITK, GMCR, SQNM, HLF

Wall StreetThe verdict is in. Investors are not liking the jobs report. The major indexes are all at or near session lows as the unemployment report missed expectations by a wide margin. On positive to come from it is the fact that oil prices are diving under $100 per barrel. If that trend can last it could give a boost to consumers by removing some of the pain at the pump.

Outside of the lackluster domestic numbers, two elections will be closely watched this weekend. The major one is the French presidential election with Sarkozy seemingly heading for defeat. The other is Greek parliamentary elections. Both could have consequences for the EU and ECB rescue pacts that have already been drawn up.

Currently the Dow is off 16, the Nasdaq is down 60 and the S&P is off 22. [Read more...]

NASDAQ Stocks Falling in Early Trading: PCO, HALO, SPRD, CNIT, WPRT, MAT

Nasdaq StocksPendrell Corporation (NASDAQ:PCO) is down 47% in early trading at $1.15. PCO has traded 8.9 million shares already today, 20 times its daily average. PCO shares are tumbling after a court overthrows the company’s win over Boeing. The company has a market cap of 288.99 million.

Halozyme Therapeutics, Inc. (NASDAQ:HALO) is down 25.02% this morning at $8.45. HALO has traded 5.6 million shares so far today, 5 times its average volume. HALO shares are falling after the FDA demands more data before making a decision. The company has a market cap of 879.91 million. [Read more...]

Negative Stocks This Morning: DRRX, SNTA, SPRD, MOTR, FDO, BPZ

Durect Corporation (NASDAQ:DRRX) is down 33.90% in early trading at $0.78. DRRX has traded 2.1 million shares today, well above its daily average of 374 thousand shares. DRRX shares are sinking today after pain drug fails trials. The company has a market cap of 65.58 million.

Synta Pharmaceuticals Corp. (NASDAQ:SNTA) is down 14.49% today at $4.40. SNTA has traded 1.9 million shares this morning, nearly 20 times its daily average volume. SNTA shares are down today after the company priced a 7 million share stock offering at $4.40 a share. The company has a market cap of 217.41 million.

Spreadtrum Communications Inc. (NASDAQ:SPRD) is down 11.99% this morning at $16.95. SPRD has traded 2.6 million shares today, more than a million shares higher than its daily average. The company has a market cap of 796.77 million.

Motricity, Inc. (NASDAQ:MOTR) is down 9.92% today at $0.9098. MOTR has traded 585 thousand shares so far today and trades 820 thousand shares a day on average. MOTR was as high as $1.10 on Tuesday. The company has a market cap of 41.75 million.

Family Dollar Stores, Inc. (NYSE:FDO) is down 6.87% in early trading at $53.98. FDO has traded 2.2 million shares today after the company announced fiscal first quarter sales and gross margins fell short of Wall Street expectations. The company has a market cap of 6.33 billion.

BPZ Resources, Inc. (NYSE:BPZ) is down 3.05% right now at $2.86. BPZ has traded 800 thousand shares this morning and trades 1.6 million shares a day on average. BPZ shares are down more than $0.20 since Wednesday. The company has a market cap of 327.90 million.

Biggest Losers In Midday Trading for Dec. 6: CMED, SPRD, PLX, MTL, GMXR, FIO

Heading into midday trading, stocks are heading lower with only the Dow in positive territory right now. Stocks are lower today as investors wonder if the European Union summit later this week can be decisive enough to fix the debt crisis in the long run. Also in the news, Standard & Poor has issued warning to the top 6 euro zone countries and the EFSF and put them on credit watch downgrade. The Dow is up about 30 points right now, the Nasdaq is down 10 points and the S&P is pretty much even on the day.

Here’s a look at the biggest stock losers in midday trading.

China Medical Technologies Inc. (NASDAQ:CMED) is down 20.41% today at $2.69. CMED is down amid fraud allegations. CMED has traded 3.6 million shares so far today, 10 times its daily average volume. Reserach firm Glaucus Research Group alleges that China Medical’s CEO “orchestrated an acquisition to embezzle roughly $20-$23 million from the public company.” The company has a market cap of 72.86 million.

Spreadtrum Communications Inc. (NASDAQ:SPRD) is down 11.89% at $21.26 in midday trading. SPRD has traded 2.7 million shares so far today, well above its daily average of 1.3 million shares. SPRD has fallen the past two trading sessions and has lost more than $5 a share. Spreadtrum Communications has a market cap of 964.58 million.

Protalix BioTherapeutics, Inc.(AMEX:PLX) is down 13.41% at $5.36 in midday trading. PLX has traded 858 thousand shares so far today, 8 times its daily average volume. The FDA extended the PDUFA goal date for approving its new drug application for taliglucerase alfa, which treats Gaucher disease. Protalix has a market cap of 457.23 million.

Mechel OAO (NYSE:MTL) is down 13.29% at $10.18 today. MTL has traded 4.3 million shares so far today, well above its daily average volume of 3.5 million shares. Mechel is down today after the company reports suspension of work at several facilities at two Southern Kuzbass Mines. The company has a market cap of 4.27 billion.

GMX Resources Inc. (NYSE:GMXR) is down 8.92% at $1.43 in midday trading. GMXR has traded 643 thousand shares so far today and trades 1.5 million shares a day on average. The company has a market cap of 81.33 million.

Fusion-io Inc. (NYSE:FIO) is down 8.12% at $29.53 in midday trading. FIO has traded 3.6 million shares so far today, more than double its daily average volume. FIO is down today after the post IPO lock-up expired on 8.7 million shares. The company has a market cap of 2.47 billion.

Morning Gainers for 11/22: LNG, FMCN, SPRD, ZLC, GCO, BKS

Stocks are trading slightly lower this morning after GDP was revised to 2% from a previous estimate of 2.5%. The Dow is down 32 points, the Nasdaq is down 0.31 points and the S&P is down 1 points. The debt committee failure is also weighing on investors as well as the continued debt crisis in Europe. Let’s take a look at a few stocks posting gains in early trading.

Cheniere Energy, Inc. (AMEX:LNG) is up 7.49% at $12.34 this morning. LNG has traded 3.8 million shares so far today and is about to pass its daily average of 3.87 million shares. The company announced 20-year LNG (liquefied natural gas) sale and purchase. The company has a current market cap of 993.02 million.

Focus Media Holding Ltd. (NASDAQ:FMCN) is up 7.45% at $16.58 in morning trading. The company denies Muddy Water allegations that send the stock cratering yesterday. Focus Media also announced today they will continue repurchasing shares. FMCN has traded 14.5 million shares so far today, triple its daily average.

Spreadtrum Communications Inc. (NASDAQ:SPRD) is up 3.17% at $24.40 this morning. SPRD has traded 767 thousand shares so far this morning and trades on average 1.3 million shares daily. SPRD is trying to bounce back today after falling from $29 late Friday to less than $24 yesterday. The company has a current market cap of 1.15 billion.

Zale Corporation (NYSE:ZLC) is up 8.99% at $3.88 this morning. ZLC has traded 311 thousand shares so far today and is looking to beat its daily average of 747 thousand shares. Zale’s is up on strong quarter results today as the company reported a loss of $0.99, which was less than analysts expectations of $1.42. The company has a current market cap of 121.25 million.

Geneseco Inc. (NYSE:GCO) is up 5.08% at $58.94 this morning. GCO is up on above average volume with 343 thousand shares traded so far today. The stock averages 399 thousand shares in volume daily. GCO released earnings today with EPS $1.21, $0.25 better than estimates. The company also raised FY2012 EPS above consensus. The company has a current market cap of 1.42 billion.

Barnes & Noble, Inc. (NYSE:BKS) is up 4.67% at $18.16 in early trading. BKS has traded 523 thousand shares so far today and trades on average 1.2 million shares. BKS has been trending higher the past 5 days moving from $15.50 to over $18. The company has a current market cap of 1.04 billion.

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