Midday Movers: VRML, KERX, SYNM, GCA, VLO, HDY

NYSE stocksVermillion, Inc. (NASDAQ:VRML) is down 28% in midday trading at $2.16. VRML is tumbling on heavy volume today with 4.2 million shares traded so far today. The stock trades 293 thousand shares a day on average. VRML shares are slipping today after they rallied more than 100% yesterday following news of Category 1 CPT code approval for OVA1. Vermillion was also downgraded by Ladenburg Thalmann today sell from neutral. The company has a market cap of 31.79 million.

Keryx Biopharmaceuticals, Inc. (NASDAQ:KERX) is down 9.20% today at $3.98. KERX has traded 3.3 million shares so far today, about double its daily average volume. KERX shares are continuing their drop from yesterday and have fallen more than $1 in the past two days. The company has a market cap of 276.99 million. [Read more...]

Stocks Moving Higher Today: FONR, SYNM, LPSN, MDAS, SNSS, EGLE

Stocks continue to be lower right before midday due to a weaker than expected retail sales report. Investors also remain uneasy about the debt crisis in Europe. Retail sales rose 0.4% in January, lower than the 0.7% economists were predicting. In Europe, Moody’s cut the ratings of Italy, Portugal, Spain, Slovakia, Slovenia and Malta. The U.K., France and Austria were put on credit watch negative.

Right now the major indices are down slightly with the Dow down 22 points, the Nasdaq is down 11 points and the S&P 500 is down 4 points.

Fonar Corporation (NASDAQ:FONR) is up 27.84% today at $2.48. FONR has traded 3.1 million shares so far today, way above its daily average of 40 thousand shares so far today. FOR shares are rallying today after reporting fiscal second quarter results. Fonar saw a 33% increase in net income to $1.8 million. Total revenue increased 16% to $9.3 million. The company has a market cap of 14.57 million. [Read more...]

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