NASDAQ:TSPT

NASDAQ Stocks Dipping in Early Trading: LEAP, NIHD, TSPT, INFN, CLNT, GPRE

NasdaqLeap Wireless International Inc. (NASDAQ:LEAP) is down 20.75% this morning at $6.11. LEAP has traded 5.6 million shares so far today, well above its daily average 1.4 million shares. Leap Wireless posted a net loss for the most recent quarter of $98.4 million or $1.28 per share. The company has a market cap of 487.02 million.

NII Holdings Inc. (NASDAQ:NIHD) is down 18.18% in early trading at $15.35. NIHD has traded 7.7 million shares so far today, more than double its daily average. NII Holdings announced first quarter profits earlier today and reported net income of $10.9 million, down from $96.8 million a year ago. The company has a market cap of 2.64 billion. [Read more...]

Stocks Trade Higher at Midday, Hot Stocks to Watch

Wall StreetStocks are moving into positive territory in midday trading as banks push the overall market higher. Many analysts are starting to wonder if a pull back is imminent. The Dow has jumped close to 2,000 points since late November and has yet to see a meaningful pull back. We have seen some speed bumps along the way, the most recent being a 200 point drop in early March.

As long as economic data stays positive, we should see the current rally continue. If a negative jobs report comes out or some other troubling economic data though, a market pull back could occur.

Taking a peek at the stock indexes at midday show the Dow up 23 points, the Nasdaq up 24 points and the S&P 500 up 7 points. [Read more...]

Stock Gainers In Midday Trading For Dec. 1

Dex One Corporation (NYSE:DEXO) is up 25.95% in midday trading at $1.65. DEXO has traded 1.7 million shares so far today, nearly a million more than its daily average of 958 thousand shares. DEXO has been in a big uptrend the past five trading sessions moving from less than $0.80 to as high as $1.80. The company has a current market cap of 82.38 million.

Magma Design Automation Inc. (NASDAQ:LAVA) is up 24.74% at $7.14. LAVA has traded 39.3 million shares so far today, way above its daily average of 766 thousand shares. Synopsys (NASDAQ:SNPS) said it has agreed to buy Magma Design for $7.35 a share. The company has a current market cap of 488.73 million.

GMX Resources Inc. (NYSE:GMXR) is up 19.70% today at $1.58. GMXR has traded 1.5 million shares so far today and has already traded what it usually trades in a day. GMX Resources announced it will sell an overriding royalty interest in certain long-lived producing assets in Haynesville Bossier for $50 million. The company has a current market cap of 90.04 million.

Texas Industrials Inc. (NYSE:TXI) is up 17.45% at $29.75 in midday trading today. TXI has traded 3 million shares so far today, 10 times its daily average. TXI spiked right around the noon hour and jumped as high as $35.84. The company has a current market cap of 827.17 million.

Charming Shoppes Inc. (NASDAQ:CHRS) is up 13.14% today at $4.39. CHRS has traded 7.2 million shares so far today, more than 3 times its daily average. CHRS stock is up today after the company plans to sell Fashion Bug operations and conduct a strategic review. The company has a current market cap of 511.23 million.

Transcept Pharmaceuticals, Inc. (NASDAQ:TSPT) is up 15.78% at $8.07 in midday trading today. TSPT has traded 2.2 million shares so far today, nearly 4 times its daily average.Transcept Pharmaceuticals announced today Purdue’s exercise of option to commercialize Intermezzo in the U.S. The company has a current market cap of 108.44 million.

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