NASDAQ:SVNT

6 Nasdaq Stocks Heading Higher This Morning: GURE, FFN, SVNT, ASIA, WETF, JASO

February 21, 2012 By Leave a Comment

Nasdaq stocksGulf Resources, Inc. (NASDAQ:GURE) is up 17.56% this morning at $3.08. GURE shares are up today on news that the company’s chairman is considering privatization option. GURE has traded 755 thousand shares so far today. Shares of the company were down about $0.20 over the past week before today’s big move. The company has a market cap of 107.52 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is up 12.88% today at $2.63. FFN is up on heavy volume today with 751 thousand shares traded. The stock typically trades about 600 thousand shares a day on average. FFN shares continue to extend its rally this year and is up more than 200% since late January. The company has a market cap of 84.60 million. [Read more...]

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Stocks Heading Lower In After Hours: EK, SVNT, FCF, MU, PHM

January 4, 2012 By Leave a Comment

Eastman Kodak Co. (NYSE:EK) is down 3.83% in after hours trading at $0.46. EK finished the day down 28.19% at $0.47. According to reports, Kodak is preparing to file for Chapter 11 bankruptcy. EK traded 31.1 million shares today, nearly 4 times its daily average volume. The company has a market cap of 126.88 million.

Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) is down 2.53% in after hours trading at $2.31. SVNT closed 2.60% higher today at $2.37. SVNT is up about $0.30 a share since last Thursday. SVNT traded 1 million shares today and trades 1.6 million shares a day on average. The company has a market cap of 166.37 million.

First Commonwealth Financial Co (NYSE:FCF) is down 2.48% in after hours trading at $5.50. FCF closed the day up 3.11% at $5.64 with just over a million shares traded. First Commonwealth will host fourth quarter and full-year 2011 earnings conference call on January 25. The company has a market cap of 590.67 million.

Micron Technology Inc. (NASDAQ:MU) is down 2.36% in after hours trading at 6.83. MU finished the day 3.48% higher at $6.99 with 42.9 million shares traded. The company has a market cap of 6.86 billion.

PulteGroup, Inc. (NYSE:PHM) is down 1.85% in after hours trading at $6.42. PHM closed the day slightly higher, gaining 0.31% at $6.54. PHM traded 9.4 million shares today and trades 11.8 million shares a day on average. The company has a market cap of 2.50 billion.

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Value Stocks Under $10 Posting Strong Gains: FRO, OWW, SVNT, NVAX, LEAP, PCS

December 6, 2011 By Leave a Comment

Stocks are wavering in early trading today after the S&P warned top euro zone countries and the European Financial Stability Facility (EFSF) of potential credit downgrades. This credit warning comes as French and German leaders have agreed to a plan that would require changes to the European Union Treaty. These changes could come as early as this week as European leaders meet at a summit. The U.S. will also have a presence at this summit as Timothy Geithner will meet with leaders of Germany, France, Italy, Spain and the EU institutions.

The major stock indices are trading mixed this morning with the Dow up 35 points, the Nasdaq is down 6 points and the S&P down 1 point.

Here’s a handful of stocks under $10 that are going up this morning.

Frontline Ltd. (NYSE:FRO) is up 28.81% this morning at $4.57. FRO has traded 3.4 million shares so far today, already above its daily average of 2.6 million shares. Frontline announced today that company restructuring has been approved the the company’s Board. In the next few days, Frontline will put forward the plan to their creditors and counterparties for approval. The company has a current market cap of 355.69 million.

Orbitz Worldwide, Inc. (NYSE:OWW) is up 12.25% at $3.94 this morning. OWW has traded 280 thousand shares so far today and trades 253 thousand shares a day on average. Orbitz Worldwide is up today after being upgraded by The Benchmark Company. The company has a current market cap of 411.86 million.

Savient Pharmaceuticals, Inc. (NASDAQ:SVNT) is up 5.26% this morning at $2.40. SVNT has traded 438 thousand shares so far today and trades 1.7 million shares a day on average. SVNT is bouncing back a little bit today after the stock fell last week from $2.50 to $2.25. Savient Pharmaceuticals has a market cap of 167.77 million.

Novavax, Inc. (NASDAQ:NVAX) is up 5.48% at $1.54 this morning. NVAX has traded 347 thousand shares so far today with a daily average volume of 520 thousand shares. NVAX
has trended higher the past week moving from around $1.30 to over $1.50. The company has a market cap of 181.65 million.

Leap Wireless International Inc. (NASDAQ:LEAP) is up 5.88% at $9.91 this morning and was as high as $10.35 shortly after market open. LEAP has traded 1.5 million shares so far today, just 500 thousand shares short of its daily average volume. Over the past few trading sessions, LEAP has gaped up in the mornings and then sells off throughout the day. Leap Wireless has a market cap of 770.59 million.

MetroPCS Communications, Inc. (NYSE:PCS) is up 7.19% at $8.98 in early trading today. PCS has traded 2 million shares so far today and trades 5.4 million shares a day on average. MetroPCS was upgraded from ‘market perform’ to ‘outperform’ today by William Blair & Co. The company has a market cap of 3.23 billion.

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Stocks Lose Most Of Their Early Gains as Investors Await Word From EU Ministers

November 29, 2011 By Leave a Comment

The stock market has lost most of its early gains today and the Nasdaq has turned negative in late day trading. Investors are waiting for EU ministers to conclude their meeting on the region’s debt crisis. There’s a lot of rumors going around about how Europe will fix their situation, but there won’t be any concrete information until the EU ministers come out and talk about what they discussed at the meeting.

“It’s still all about Europe, Europe, Europe. There are rumors and hope again that the policy makers in Europe are going to solve their problems, and there’s talk of our Fed stepping in to buy European sovereign debt,” said Nick Raich, director of research at Key Private Bank.

Italy had a successful bond auction today, but there yields were above 7% which according to most economists is unsustainable. While the major indexes got off to a decent start in morning trading, they have since gave up most of those early gains. The Dow is up 47 points, the Nasdaq is down 12 points and the S&P is up 3 points.

Let’s take a look at some stocks posting decent gains as well as stocks posting big losses.

Inhibitex, Inc. (NASDAQ:INHX) is up 21.32% in afternoon trading at $13.83. INHX has traded 7.2 million shares so far today, 4 times its daily average volume. Inhibitex jumped today after the company announced it will be asking the FDA for authorization to expand testing for its drug INX-189. Inhibitex has a current market value of 1.08 billion.

YM Biosciences, Inc. (AMEX:YMI) is up 12.61% in afternoon trading at $1.27. YMI has traded 2.9 million shares so far today, nearly triple its daily average volume. YMI is trending back up after dropping to $1.05 yesterday.

Canadian Solar Inc. (NASDAQ:CSIQ) is up 7.59% in afternoon trading at $2.55. CSIQ has traded 1.2 million shares so far today, 200 thousand more shares than its daily average. Canadian Solar announced it has supplied solar modules for an 8.5 MW power plant in Lindenhof near Neubrandenburg in the German state of Mecklenburg-Vorpommern. Canadian Solar has a current market cap of 110.99 million.

Savient Pharmaceuticals Inc. (NASDAQ:SVNT) is up 7.49% in afternoon trading at $2.44. SVNT has traded just over a million shares so far and trades on average 1.7 million shares. SVNT is coming off its high of day at $2.49. Savient Pharmaceuticals has a current market cap of 169.17 million.

Radian Group Inc. (NYSE:RDN) is down 14.44% today at $2.0450 in afternoon trading. RDN has traded 6.5 million shares so far today, more than a million shares more than its daily average. RDN started the day off alright but started seeing heavy selling at around 11am that has lasted throughout the day. Radain Group has a current market cap of 272.39 million.

Corning Inc. (NYSE:GLW) is down 12.21% in afternoon trading at $12.98. GLW has traded 55.8 million shares so far today, well above its daily average of 21 million shares. GLW shares fell today after the company cut its fourth-quarter earnings forecast. Corning Inc. has a current market cap of 20.43 billion.

Pacific Ethanol Inc. (NASDAQ:PEIX) is down 10.48% at $1.11 in afternoon trading. PEIX has traded 6.8 million shares so far today, about 600 thousand shares short of its daily average. PEIX has been trending lower the past few trading sessions after it nearly doubled this month. Pacific Ethanol has a current market cap of 84.81 million.

Nokia Corporation (NYSE:NOK) is down 2.76% at $5.45 in afternoon trading. NOK has traded 23.8 million shares so far today, and trades on average 28.5 million shares daily. NOK is continuing its downward trend from last week after it gaped up yesterday along with the rest of the market. Nokia has a current market cap of 20.18 billion.

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