Cheap Stocks Moving Higher This Morning: CPRX, SANM, OCLR, STEM, SRPT, VRNG

Wall Street signProblems in the euro zone continue to affect the markets today. Stock markets in Europe were taking a hit today after Moody’s put Germany, Luxembourg and the Netherlands on negative watch. This sent a signal that no eurozone economy is safe from the problems plaguing countries such as Spain and Italy. PMI results also disappointed in Europe.

Closer to home, economic data showed lower manufacturing activity in the mid-Atlantic region. The Richmond Fed Manufacturing Index fell at a steeper rate than expected.

The major stock averages are down at least 0.5% this morning. The Dow is down 88 points, the Nasdaq is down 14 points and the S&P 500 is down 8 points. [Read more...]

Hot Stocks to Watch: PANW, STEM, SNDK, DOLE, GDI, BHI

Wall Street signStocks are trading lower this afternoon as worries over Europe are back in the forefront. Despite today’s losses, the major stock indexes are on track to finish the week positive. Finance ministers in the eurozone agreed on a plan to lend Spain up to 100 billion euros to recapitalize their banks, but the exact size of the loan will not known until September. Spain’s ten year bond yields are hitting near record highs today as investors worry the country will eventually run out of money and will need a bailout.

The Dow is currently down 125 points, the Nasdaq is down 33 points and the S&P 500 is down 13 points. [Read more...]

Struggling Nasdaq Stocks in Morning Trading: ROVI, STEM, ANTH, ARNA, QSII, OMEX

NASDAQ Screen at Times SquareRovi Corporation (NASDAQ:ROVI) is down 40.85% this morning at $10.44. ROVI has traded 19.1 million shares so far today, way above its daily average volume. ROVI shares are down today on profit warning and a down grade by JPMorgan from overweight to neutral. The company has a market cap of 1.14 billion.

StemCells Inc. (NASDAQ:STEM) is down 20.76% today at $1.43. STEM has traded 6.1 million shares so far today, well above its daily average of 445 thousand shares. STEM shares are pulling back today after jumping 100% yesterday on news. The company has a market cap of 37.23 million. [Read more...]

Stocks Heading Up In Morning Trading: SYNO, STEM, SSW, LIVE, JOE, KNDI

The stock market is rallying somewhat this morning after yesterday’s sell off. Investors are still on edge over Europe’s debt problem. The Federal Reserve will also be in the news later today when they give their assessment of the economy. In early trading the Dow is up 91 points, the Nasdaq is up 15 points and the S&P is up 8 points.

Let’s take a look at a few stocks posting decent gains this morning.

Synovis Life Technologies Inc. (NASDAQ:SYNO) is up 50.65% this morning at $27.78. SYNO has traded 1.3 million shares already this morning, well above its daily average of just 45 thousand shares. Synovis is up this morning after news that Baxter International plans to acquire the company for $325 million. The deal is for $28 per share and is a 51% premium over Synovis’ closing price on Monday. The company has a market cap of 320.72 million.

StemCells Inc. (NASDAQ:STEM) is up 22.22% this morning at $1.65. STEM has traded 232 thousand shares so far this morning, more than twice its daily average. STEM is bouncing back today after it dropped from $1.60 to less than $1.40 on Monday. The company has a market cap of 23.64 million.

Seaspan Corp. (NYSE:SSW) is up 18.28% this morning at $12.36. SSW has traded 1.4 million shares so far today, 7 times its daily average. SSW stock is up today after the company launched a tender offer to buy up to 10 million of its Class A common shares. Seaspan has a market cap of 856.62 million.

LiveDeal, Inc. (NASDAQ:LIVE) is up 137% this morning at $3.45. LIVE has traded just 96 thousand shares this morning, but usually trades only 1.7 thousand shares a day on average. LiveDeal filed an SEC form 8-K this morning. The company has a market cap of 2.24 million.

The St. Joe Company (NYSE:JOE) is up 10.81% this morning at $15.89. JOE has traded 939 thousand shares already this morning, 200 thousand more shares than it trades daily. St. Joe Company has a market cap of 1.46 billion.

Kandi Technologies, Corp. (NASDAQ:KNDI) is up 13.82% this morning at $3.46. KNDI has traded 161 thousand shares so far this morning, three times its daily average. KNDI is up more than $0.40 over the past week. The company has a market cap of 94.41 million.

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