A lot of stocks are seeing early morning action as the overall stock market opened higher today. Investors are keeping a close eye on Europe today, specifically Italy as Berlusconi won a budget vote in Parliament, even as his allies ask him to resign to calm markets.
Opexa Therapeutics Inc. (NASDAQ:OPXA) is up 45.63% this morning after the company announced its drug candidate Tovaxin(R) has been granted fast track designation by the FDA. Shares of OPXA raced upward today on large volume with 729 thousand shares traded so far. OPXA had been trading between a range of $1.05 to $1.20, but has since made a break to the upside and is currently trading over $1.50. The company has a current market cap of 31.11 million.
McCormick & Schmick’s Seafood Restaurants, Inc. (NASDAQ:MSSR) is up $1.89 at $8.66 this morning, a gain of 27.99%. Landry’s Inc. announced this morning they will buy all stock in MSSR for $131.6 million or $8.75 a share. The stock has traded 7.9 million shares this morning, well above its 3 month daily average of 102 thousand shares. MSSR had been in a bit of a down trend, off its September high of around $8 and closed yesterday at $6.77. The company has a current market cap of 128.79 million.
Solazyme, Inc. (NASDAQ:SZYM) is up $1.99 this morning at $11.36, a gain of 21.24%. Solazyme is up today after dipping yesterday from $10 to $9.50. SZYM has traded over 269 thousand shares this morning and is on pace to eclipse its daily average volume of 359 thousand shares. The company has a current market cap of 691.27 million.
Dynergy Inc. (NYSE:DYN) is up 26.10% this morning at $3.72. The stock is rallying this morning following an unusual bankruptcy plan which would protect investors. DYN hit an intraday high of $4.13 this morning on 6.1 million shares in volume. This is 3 times its daily average volume already today. DYN has been in a downtrend since mid-September when DYN stock was at $5.50. The stock hit a new 52 week low of $2.35 yesterday, before jumping today on this news. The company has a current market cap of 456.68 million.
DealerTrack Holdings, Inc. (NASDAQ:TRAK) is up 15.54% at $26.21 this morning. TRAK is up this morning following the release of its Q3 earnings late yesterday which saw net income jump. The stock has traded 883 thousand shares this morning, 4 times its daily average. The company has a current market cap of 1.09 billion.
Hologic Inc. (NASDAQ:HOLX) is up $1.74 at $17.97, a gain of 10.78%. Hologic beat fourth-quarter expectations, but its outlook is cautious. The company had EPS of $0.34, up 13% from the same period last year and revenue rose 9% to $467 million. HOLX has traded 2.2 million shares today, already eclipsing its daily average. The company has a current market cap of 4.77 billion.
Overall the market continues to be dominated by concerns coming from Europe. Add in ramped up tension in the Middle East and traders should be wary and ready to react on any bad news from the two regions.